secwatch.observer — SEC 8-K summary
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Issuer:     WAFD INC (WAFD)
CIK:        0000936528
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0000936528-24-000092
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WaFd Bank sells $2.8B multifamily CRE loan portfolio to Bank of America at 92% of principal
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- Sold ~$2.8B multifamily CRE loans to Bank of America for $2.6B (92% of principal) at no loss.
- Transaction provides immediate liquidity for debt paydown, new lending, or share repurchases.
- Loans originated from the Luther Burbank Savings acquisition completed in March 2024.
- CEO says discount reflects interest rates, not credit risk; calls it the largest non-FDIC assisted CRE loan sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936528/000093652824000092/0000936528-24-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936528/000093652824000092/wfsl-20240621.htm
  HTML page:      https://secwatch.observer/filing/0000936528-24-000092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer