WSFS to sell debt notes


WSFS Financial Corporation, Wilmington, announced that it has commenced a public offering of Senior Notes due 2019 in an underwritten public offering.

The Company intends 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.

The Company has filed a registration statement with the Securities and Exchange Commission relating to the offering and it has been declared effective.

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