secwatch.observer — SEC 8-K summary
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Issuer:     WAFD INC (WAFD)
CIK:        0000936528
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0000936528-24-000055
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WaFd completes merger with Luther Burbank; issues ~17.1M shares
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- Luther Burbank shareholders received 0.3353 WaFd shares per LBC share.
- Total consideration ~17,088,993 shares of WaFd common stock issued.
- WaFd assumed $41.2M and $20.6M in junior subordinated notes due 2036/2037.
- Also assumed $95M of 6.50% senior unsecured notes maturing Sept 2024.
- Bank subsidiary merger completed; combined institution operates as WaFd Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936528/000093652824000055/0000936528-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936528/000093652824000055/wfsl-20240229.htm
  HTML page:      https://secwatch.observer/filing/0000936528-24-000055

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