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First Merchants Prices $100 Million Subordinated Notes Offering

First Merchants Prices $100 Million Subordinated Notes Offering

MT newswireMT newswire2026/09/24 07:57
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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