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AI brief of an SEC Form 8-K · First Financial Bancorp (FFBC)

First Financial Bancorp completes $300 million 6.375% subordinated notes offering due 2035

Neutral Impact 3 of 5 financing Written later

First Financial Bancorp completed the sale of $300 million of 6.375% fixed-to-floating rate subordinated notes due 2035 on November 10, 2025. Net proceeds are approximately $296.3 million before offering expenses, which the company plans to use for general corporate purposes, including a potential redemption of its 5.25% subordinated notes due 2030. The filing describes new debt that adds to the company's obligations, but it does not report a change in earnings or guidance.

Key points

  • Principal of $300 million; fixed rate of 6.375% until December 1, 2030, then a floating rate of Three-Month Term SOFR plus 300 basis points until maturity on December 1, 2035
  • Net proceeds of approximately $296.3 million after a 1.25% underwriting discount, before offering expenses
  • Proceeds may fund a potential redemption of the company's 5.25% subordinated notes due 2030
  • Notes rank junior to all senior indebtedness and are not guaranteed by subsidiaries; underwriters were Keefe, Bruyette & Woods and Janney Montgomery Scott

The filing

CompanyFirst Financial Bancorp (FFBC)
Form8-K, current report
Filed with the SECNov 10, 2025, 4:07 PM ET
Accession number0001193125-25-274210

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 10, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.