First Financial Bancorp prices $300M subordinated notes offering

* First Financial Bancorp (FFBC [https://seekingalpha.com/symbol/FFBC]) has priced [https://seekingalpha.com/pr/20298366-first-financial-bancorp-announces-pricing-of-subordinated-notes-offering]a $300 million public offering of 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035.
* The notes will pay a 6.375% fixed interest rate until December 1, 2030, and then switch to a floating rate based on the Three-Month Term SOFR + plus a spread of 300 basis points from, and including, December 1, 2030, payable quarterly.
* The debt will qualify as Tier 2 capital for regulatory purposes. First Financial expects net proceeds of about $296 million, which it plans to use for general corporate purposes, including possibly redeeming its existing 5.25% Subordinated Notes due 2030.
* The offering is expected to close on November 10, 2025, pending customary conditions.

MORE ON FIRST FINANCIAL

* First Financial Bancorp. (FFBC) Q3 2025 Earnings Call Transcript [https://seekingalpha.com/article/4833105-first-financial-bancorp-ffbc-q3-2025-earnings-call-transcript]
* First Financial Bancorp outlines mid-single-digit loan growth and $77M–$79M fee income target for Q4 2025 as acquisitions near completion [https://seekingalpha.com/news/4508299-first-financial-bancorp-outlines-mid-single-digit-loan-growth-and-77m-79m-fee-income-target]
* Seeking Alpha’s Quant Rating on First Financial [https://seekingalpha.com/symbol/FFBC/ratings/quant-ratings]
* Historical earnings data for First Financial [https://seekingalpha.com/symbol/FFBC/earnings]
* Dividend scorecard for First Financial [https://seekingalpha.com/symbol/FFBC/dividends/scorecard]