---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-247735"
form_type: "8-K"
ticker: "VLY"
cik: "0000714310"
company_name: "VALLEY NATIONAL BANCORP"
filed_at: "2022-09-20T23:59:59+00:00"
generated_at: "2026-06-23T08:38:53.677874+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Valley National Bancorp prices $150M 6.25% subordinated notes due 2032; proceeds for social/green assets

## Summary
- Issued $150M aggregate principal of 6.25% Fixed-to-Floating Rate Subordinated Notes due Sept 30, 2032.
- Notes bear 6.25% fixed rate to Sept 30, 2027, then float at 3-month SOFR + 278 bps; intended as Tier 2 capital.
- Net proceeds of ~$147.5M (after underwriting discounts & expenses) to finance or refinance eligible social/green assets.
- Joint book-running managers: Piper Sandler & Co. and Morgan Stanley & Co. LLC; expected closing Sept 20, 2022.
- Issued under shelf registration statement (File No. 333-254696) with supplemental prospectus filed Sept 15, 2022.

## SEC filing metadata
- accession: 0001193125-22-247735
- form_type: 8-K
- ticker: VLY
- cik: 0000714310
- company_name: VALLEY NATIONAL BANCORP
- filed_at: 2022-09-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714310/000119312522247735/0001193125-22-247735-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714310/000119312522247735/d405024d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-247735
- JSON: https://secwatch.observer/filing/0001193125-22-247735.json
- Plain text: https://secwatch.observer/filing/0001193125-22-247735.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.