03:46 AM EDT, 10/28/2025 (MT Newswires) -- OceanFirst Financial ( OCFC ) said late Monday it has priced a public offering of $185 million of 6.375% fixed-to-floating rate subordinated notes due 2035.

The notes are expected to qualify as Tier 2 capital, the company said.

Proceeds from the offering, set to close on Wednesday, will be used to repay existing debt, support subsidiary growth initiatives, and for general corporate purposes, OceanFirst said.