OceanFirst Financial Corp. priced $185.0 million subordinated notes at 6.375% due 2035; interest accrues at 6.375% until Nov. 15, 2030. Tier 2 capital.

Red Bank, New Jersey - On October 27, 2025, OceanFirst Financial Corp. (Nasdaq: "OCFC") disclosed the pricing for a public offering of $185.0 million in aggregate principal amount of 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035. Interest on the Notes will be at a rate of 6.375% per annum from the original issue date until November 15, 2030, paid semiannually, and a floating rate per annum tied to a benchmark rate, expected to be Three-Month Term SOFR, plus a spread of 307.5 basis points from February 15, 2031, paid quarterly. These Notes are meant to qualify as Tier 2 capital for regulatory purposes.