First Merchants Prices $100 Million Subordinated Notes Offering
MT newswire2026/09/24 07:57Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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03:57 AM EDT, 09/24/2026 (MT Newswires) -- First Merchants (FRME) has priced a $100 million public offering of 6.750% fixed-to-floating rate subordinated notes due 2036, the company said Wednesday. Net proceeds will be used for general corporate purposes, including common share repurchases, First Merchants said. The company expects to close the offering on or about Friday.
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