M
ME NEWS
13 Mar 2025, 05:04
First Citizens BancShares, Inc. Announces $1.25 Billion Notes Offering
Raleigh, NC – March 12, 2025 – First Citizens BancShares, Inc. (Nasdaq: FCNCA) announced the successful issuance and sale of $1.25 billion in senior and subordinated notes in a public offering.
Key Details of the Offering:
$500 million aggregate principal amount of 5.231% Fixed-to-Floating Rate Senior Notes due 2031
$750 million aggregate principal amount of 6.254% Fixed-to-Fixed Rate Subordinated Notes due 2040
Offered under a registration statement filed with the Securities and Exchange Commission (SEC)
The issuance was completed through Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, acting as lead underwriters. The notes were issued under existing indentures with U.S. Bank Trust Company, National Association as the trustee.
Raleigh, NC – March 12, 2025 – First Citizens BancShares, Inc. (Nasdaq: FCNCA) announced the successful issuance and sale of $1.25 billion in senior and subordinated notes in a public offering.
Key Details of the Offering:
$500 million aggregate principal amount of 5.231% Fixed-to-Floating Rate Senior Notes due 2031
$750 million aggregate principal amount of 6.254% Fixed-to-Fixed Rate Subordinated Notes due 2040
Offered under a registration statement filed with the Securities and Exchange Commission (SEC)
The issuance was completed through Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, acting as lead underwriters. The notes were issued under existing indentures with U.S. Bank Trust Company, National Association as the trustee.
