FNB completes $500 million senior notes offering due 2030 with 5.722% fixed rate
F.N.B. Corporation completed a $500 million offering of senior notes due December 11, 2030, receiving net proceeds of $498.25 million before estimated transaction expenses. The company plans to use the proceeds for general corporate purposes, including holding company investments, capital for First National Bank of Pennsylvania, and refinancing existing debt, which adds to its outstanding debt obligations.
Key points
- Principal amount of $500 million, sold at 100% of par, with a 5.722% fixed rate until December 11, 2029
- Floating rate after December 11, 2029 equal to Compounded SOFR plus 1.93%
- Net proceeds of $498.25 million after underwriting discount, before estimated transaction expenses
- Notes issued under a third supplemental indenture dated December 11, 2024 with Wilmington Trust, National Association, as trustee
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits 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 December 11, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.