secwatch.observer — SEC 8-K summary
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Issuer:     Santander Holdings USA, Inc. (SNUS-PI)
CIK:        0000811830
Form:       8-K
Filed at:   2026-08-20T10:09:26+00:00
Accession:  0000950103-26-012673
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Santander completes Webster acquisition; assumes debt, issues preferred
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- Per Webster share: 2.0548 Banco Santander ADs plus $48.75 cash; deal closed Aug 20, 2026.
- SHUSA assumed Webster Virginia's 4.100% Senior Notes due 2029, 5.784% Subordinated Notes due 2035, and SOFR+2.95% junior debentures due 2033.
- SHUSA issued 6,000 Series H (6M depositary shares) and 135,000 Series I (5.4M depositary shares) perpetual preferred.
- Webster Bank merged into Santander Bank; Webster Virginia merged into SHUSA, which continues as surviving holding company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811830/000095010326012673/0000950103-26-012673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811830/000095010326012673/dp251673_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-012673

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