First Merchants Corporation is pricing a $100 million offering of subordinated notes, according to reports.
The sources describe the company’s issuance of long-term debt structured as subordinated, meaning it ranks below certain other obligations in the event of liquidation or insolvency. Details such as the specific terms, including coupon rate and final maturity, are not included in the information provided here, but the reporting indicates the offering is being marketed and priced as a capital markets transaction.
While both outlets focus on the same transaction—pricing a $100 million subordinated notes offering—they provide limited additional detail in the excerpts available. Any differences across outlets would typically relate to financing terms, expected use of proceeds, or timing of settlement, but those specifics are not present in the text supplied for this synthesis. Overall, the common point is that First Merchants is setting final pricing for $100 million in subordinated debt.
