मुख्य शर्तें

First Merchants Corporation, ticker FRME, priced the notes offering at $100 million.

The notes have an initial interest rate of 6.750% per annum, a redeemable date of October 1, 2031, an interest reset date of October 1, 2031 and a maturity date of October 1, 2036.

The notes are intended to qualify as Tier 2 capital for regulatory purposes.

Highlights

  • First Merchants Corporation priced the notes offering at $100 million.
  • The notes carry an initial interest rate of 6.750% per annum.
  • Piper Sandler is the sole book-running manager.

शेयरधारकों और नोट-खरीदारों के लिए अर्थ

If you follow FRME or trade around its capital structure, this offering adds a dated debt instrument with a stated coupon, redemption date and maturity date rather than an equity security.

Piper Sandler is the sole book-running manager, and the expected closing date is on or about September 25, 2026.