LANCASTER, Pa.--(BUSINESS WIRE)--Fulton Financial Corporation (NASDAQ: FULT) today announced the closing of its previously announced public offering of $125 million aggregate principal amount of its 3.60% senior notes due 2022. The Notes bear an interest rate of 3.60 percent per annum and were issued to the public at 99.615 percent of their face value.

Fulton Financial estimates that the net proceeds of the Offering will be approximately $123.0 million, after deducting underwriting discounts, commission and estimated transaction expenses payable by the company. Fulton Financial intends to use the net proceeds from the Offering, along with cash on hand, for the repayment in full of its 5.75% Subordinated Notes (the “5.75% Subordinated Notes”), which become due and payable on May 1, 2017, with any remaining proceeds being used for general corporate purposes.

Keefe, Bruyette & Woods, A Stifel Company acted as the sole book-running manager for the Offering.

About Fulton Financial

Fulton Financial is a Lancaster, Pennsylvania-based financial holding company that has banking offices in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through the following subsidiaries, headquartered as indicated: Fulton Bank, N.A., Lancaster, PA; Swineford National Bank, Middleburg, PA; Lafayette Ambassador Bank, Easton, PA; FNB Bank, N.A., Danville, PA; Fulton Bank of New Jersey, Mt. Laurel, NJ; and The Columbia Bank, Columbia, MD.