First Financial Bancorp Prices $300 Million Subordinated Notes Offering
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First Financial Bancorp has priced a public offering of $300 million in 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035. The notes will accrue interest at 6.375% until December 1, 2030, after which they will switch to a floating rate. The offering aims to qualify as Tier 2 capital, with net proceeds estimated at $296 million for general corporate purposes, including potential redemption of existing subordinated notes. The closing is expected on November 10, 2025, pending customary conditions.
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