First Citizens BancShares Inc. has announced the issuance and sale of $600 million in 5.600% Fixed Rate Reset Subordinated Notes due 2035. The public offering was conducted under a registration statement filed with the Securities and Exchange Commission in August 2024, with a prospectus supplement dated September 2, 2025. The sale was facilitated by an underwriting agreement involving BofA Securities, Inc. and Morgan Stanley & Co. LLC. The notes were issued under a subordinated base indenture with U.S. Bank Trust Company, National Association, and further detailed in a third supplemental indenture. This move is part of First Citizens BancShares' strategic financial activities to manage its capital structure.
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