Northwest Bancshares, Inc. Announces Redemption of Subordinated Notes
Northwest Bancshares, Inc. announced it will redeem all of its outstanding 4.000% Fixed-to-Floating Rate Subordinated Notes due September 15, 2030, on September 15, 2026. The redemption applies to the full issue of the Notes.
Why it matters — NWBI watchers would care because redeeming its subordinated notes in full affects the company's capital structure and debt obligations.