CINCINNATI, Aug. 20, 2015 /PRNewswire/ -- First
Financial Bancorp (Nasdaq: FFBC) ("First Financial" or the
"Company") announced today the pricing of its previously announced
public offering of $120 million
aggregate principal amount of 5.125% subordinated notes due 2025
(the "Subordinated Notes"). The Company intends to use the
net proceeds from the offering for general corporate purposes,
including potential stock repurchases and capital to support
growth. The sale of the Subordinated Notes is subject to
customary closing conditions and is expected to close on
August 25, 2015.
RBC Capital Markets, LLC is serving as sole book-running manager
for the offering. The Subordinated Notes are being offered
pursuant to a prospectus supplement and an accompanying prospectus
describing the terms of the offering. Copies of the
prospectus and the prospectus supplement relating to the offering
may be obtained by contacting RBC Capital Markets, LLC by email:
rbcnyfixedincomeprospectus@rbccm.com or by telephone (toll-free):
1-866-375-6829. The prospectus and the prospectus supplement
may also be obtained from the U.S. Securities and Exchange
Commission's website at http://www.sec.gov.
This announcement is neither an offer to sell nor the
solicitation of an offer to buy any of the Subordinated Notes or
any other securities. No such offer, solicitation or sale of
the Subordinated Notes is being made in any jurisdiction in which
such an offer, solicitation or sale would be unlawful. A
registration statement relating to the Subordinated Notes has been
filed with the Securities and Exchange Commission and is
effective.
About First Financial Bancorp
First Financial
Bancorp is a Cincinnati, Ohio
based bank holding company. As of June
30, 2015, the Company had $7.4
billion in assets, $4.9
billion in loans, $5.7 billion
in deposits and $802 million in
shareholders' equity. The Company's subsidiary, First
Financial Bank, N.A., founded in 1863, provides banking and
financial services products through its four lines of business:
commercial, consumer, wealth management and mortgage. The
commercial, consumer and mortgage units provide traditional banking
services to business and retail clients. First Financial
Wealth Management provides wealth planning, portfolio management,
trust and estate, brokerage and retirement plan services and had
approximately $2.4 billion in assets
under management as of June 30, 2015. The Company's
strategic operating markets are located in Ohio, Indiana
and Kentucky where it operates 106
banking centers. Additional information about the Company,
including its products, services and banking locations, is
available at www.bankatfirst.com.
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SOURCE First Financial Bancorp