secwatch.observer — SEC 8-K summary
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Issuer:     Santander Holdings USA, Inc. (SNUS-PI)
CIK:        0000811830
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001193125-23-167958
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Santander Holdings USA issues 1M shares of 9.38% Series F Preferred to parent
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- Issued 1,000,000 shares of Series F Preferred Stock (liquidation preference $1,000/share) to Banco Santander on June 15, 2023.
- Dividend fixed at 9.380% p.a. until June 21, 2028, then resets to 5-year UST + 5.467% quarterly.
- No maturity date; redeemable at issuer's option on/after June 21, 2028 or upon regulatory capital event, subject to Fed approval.
- Private placement exempt from registration under Section 4(a)(2) of the Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811830/000119312523167958/0001193125-23-167958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811830/000119312523167958/d508310d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-167958

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