FIRST FINANCIAL BANCORP. ANNOUNCES PRICING OF SUBORDINATED NOTES OFFERING

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[{"type":"text","content":"\n CINCINNATI, Nov. 6, 2025 /PRNewswire/ -- First Financial Bancorp. (Nasdaq: \"FFBC\") (\"First Financial\"), the holding company for First Financial Bank (the \"Bank\"), today announced the pricing of a public offering of $300 million aggregate principal amount of First Financial's 6.375% Fixed-to-Floating Rate Subordinated Notes due 2035 (the \"Notes\"). Interest on the Notes will accrue at a rate equal to (i) 6.375% per annum from the original issue date to, but excluding, December 1, 2030, payable semiannually in arrears, and (ii) a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Notes), plus a spread of 300 basis points from, and including, December 1, 2030, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. First Financial estimates that the net proceeds from the offering will be approximately $296 million, after deducting underwriting discounts but before deducting estimated offering expenses payable by First Financial. First Financial intends to use the net proceeds of the offering for general corporate purposes, including the potential redemption of the Company's 5.25% Subordinated Notes due 2030. The closing of the offering of the Notes is subject to customary closing conditions and is expected to close on November 10, 2025.\n \n \n \n \n \n \n \n Keefe, Bruyette & Woods, A Stifel Company and Janney Montgomery Scott LLC are acting as joint book-running managers for the offering. Squire Patton Boggs (US) LLP is acting as legal counsel to the Company and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to the underwriters. The Notes are being offered pursuant to a prospectus supplement and an accompanying base prospectus describing the terms of the offering. First Financial has filed a registration statement (File No. 333-291294), and a preliminary prospectus supplement to the prospectus contained in the registration statement with the U.S. Securities and Exchange Commission (\"SEC\") for the Notes to which this communication relates and will file a final prospectus supplement relating to the Notes. Prospective investors should read the applicable prospectus supplement and base prospectus in the registration statement and other documents First Financial has filed or will file wit...

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