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Fulton Financial prices $300M fixed-to-floating rate notes to refinance debt and fund operations.

Company Fundamentals
01 May 2026
PRNewsWire
View Source
Neutral
pluang ai news

Fulton Financial Corporation announced the pricing of a $300 million offering of fixed-to-floating rate subordinated notes due in 2036. The notes carry a fixed interest rate of 5.95% until 2031, then switch to a floating rate tied to SOFR plus 2.17%. Proceeds will be used to repay $195 million of existing debt and support general corporate purposes. The offering is expected to close around May 5, 2026, with Piper Sandler and J.P. Morgan as joint book-running managers.

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