Webster Financial Corporation
Webster Financial Corporation Announces Issuance of $350 Million in Subordinated Notes
Summary
On September 4, 2025, Webster Financial Corporation entered into an underwriting agreement with several underwriters to sell $350 million aggregate principal amount of its 5.784% Fixed Rate Reset Subordinated Notes due 2035. The notes were issued on September 11, 2025, under a Subordinated Debt Indenture and a First Supplemental Indenture. From September 11, 2025, to September 11, 2030, the notes will bear interest at a fixed rate of 5.784% per annum, with a subsequent reset based on the U.S. Treasury Rate for a five-year maturity plus a spread of 212.5 basis points. Interest is payable semiannually on March 11 and September 11 of each year, starting from March 11, 2026. The notes may be redeemed by the company at specified times and prices as detailed in the Indenture.
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About Webster Financial Corporation
Webster Financial Corporation operates as a cornerstone in the financial services sector. As a regional bank holding company, it primarily caters to consumer and commercial banking services. With its subsidiary Webster Bank, the corporation delivers a comprehensive range of financial products and services including consumer and commercial banking, mortgage lending, and asset management. Positioned strongly in the Northeastern United States, Webster Financial is pivotal in fostering local economic growth by providing critical banking services to individuals, small businesses, and corporations in the region. Its role extends beyond traditional banking by also offering customized financial solutions designed to meet the unique needs of diverse customer segments. In the financial market, Webster Financial Corporation holds significance due to its robust community ties and its contributions to regional economic stability, making it a vital player among mid-sized U.S. banks.
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