On May 29, 2025, Peoples Financial Services Corp. announced its intention to voluntarily redeem all $33,000,000 in principal amount of its 5.375% Fixed to Floating Subordinated Notes Due 2030. The redemption is scheduled to be effective as of June 30, 2025.
This action is permitted under the optional redemption provisions of the Subordinated Notes. Following this redemption, no principal amount will remain outstanding related to these specific Subordinated Notes.
This move reflects the company's proactive approach to managing its debt structure. It allows for optimization of its capital base and potentially positions the company for more favorable financing in the future.
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