Company: WSBC
Filing Date: 2025-09-11
Form Type: 424B5
Source: 0001193125-25-201360
Chunk: 27

Company: WESBANCO INC
Filing Date: 2025-09-11
Form: 424B5
Chunk 27
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 net proceeds from this offering to
redeem in full our outstanding Series A Preferred Stock and the related depositary shares, and (ii) approximately $50.0 million of the net proceeds from this offering to redeem in full $50.0 million in aggregate principal amount of
our 2030 Notes, which were assumed in connection with our acquisition of PFC. The remaining net proceeds will be used for general corporate purposes, which may include (i) repayment, redemption or refinancing of indebtedness, (ii) capital
expenditures, (iii) making contributions to the capital of Wesbanco Bank to support its lending, investing and other financial services activities, (iv) funding of possible acquisitions, (v) working capital, (vi) satisfaction of
other obligations of ours and our subsidiaries and (vii) repurchase of our outstanding equity securities. Pending application of the net proceeds as described herein, the net proceeds from the sale of the securities may be invested in
short-term, investment grade, interest-bearing instruments.

As of the date of this prospectus supplement, 150,000 shares of our Series A
Preferred Stock were issued and outstanding. The Series A Preferred Stock does not have any maturity date. We may, at our option, redeem, in whole or in part, the Series A Preferred Stock on any dividend payment date for the Series A Preferred Stock
beginning on November 15, 2025, at a cash redemption price of $1,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without regard to any undeclared dividends, to, but excluding, the redemption date.
Dividends accrue on the stated amount of $1,000 per share of the Series A Preferred Stock (equivalent to $25 per related depositary share) at a rate of 6.75% per annum to, but excluding, November 15, 2025. From and including November 15,
2025, we will pay dividends based on the liquidation preference amount of $1,000 per share of Series A Preferred Stock (equivalent to $25 per related depositary share), at a rate per annum equal to the five-year treasury rate as of the most recent
applicable reset dividend determination date plus 6.557%. We intend to redeem all of the outstanding shares of our Series A Preferred Stock on November 15, 2025.

As of the date of this prospectus supplement, approximately $50.0 million