US EditionPublished • loading... • Updated
Wesbanco Announces Pricing of $230 Million Offering of Depositary Shares Representing Interests in Preferred Stock
- Wesbanco has priced a public offering of 9,200,000 depositary shares, each representing a 1/40th interest in a share of 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $1,000 per share.
- Wesbanco plans to use approximately $150 million of the net proceeds to redeem its outstanding 6.75% Series A Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock and about $50 million to redeem its 4.0% Fixed-To-Floating Rate Subordinated Notes due September 30, 2030.
- The offering is expected to close on or about September 17, 2025, subject to customary closing conditions.
- Wesbanco intends to apply to list the depositary shares on The Nasdaq Global Select Market under the symbol 'WSBCPB'.
Insights by Ground AI
56 Articles
56 Articles
Bennington Banner+54 Reposted by 54 other sources
Wesbanco Announces Pricing of $230 Million Offering of Depositary Shares Representing Interests in Preferred Stock
WHEELING, W.Va., Sept. 10, 2025 /PRNewswire/ -- Wesbanco, Inc. (Nasdaq/NGS: WSBC) ("Wesbanco") today announced that it has priced an underwritten public offering of 9,200,000 depositary shares (the "depositary shares") each representing a 1/40th interest in a share of 7.375% Fixed-Rate…
Coverage Details
Total News Sources56
Leaning Left5Leaning Right5Center16Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 19%
C 62%
R 19%
Factuality
To view factuality data please Upgrade to Premium
