WSFS Financial Corp. (WSFS: Quote) said Monday that it has commenced a public offering of Senior Notes due 2019.
The company said it planss to use the net proceeds from this offering for general corporate purposes, including to support anticipated balance sheet growth, which may include loan originations and securities purchases. Subject to receipt of requisite regulatory approvals, the proceeds may be used to repurchase or redeem all or a portion of its Series A Preferred Stock.
Sandler O'Neill + Partners, L.P. will serve as sole book-running manager for the offering and Keefe, Bruyette & Woods, Inc. will act as co-lead manager. Boenning & Scattergood, Inc. and Janney Montgomery Scott will act as co-managers.
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by RTT Staff Writer
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