---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-298628"
form_type: "8-K"
ticker: "SNUS-PI"
cik: "0000811830"
company_name: "Santander Holdings USA, Inc."
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:57:46.296277+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Santander Holdings USA issues $500M of 8.170% perpetual preferred stock to parent

## Summary
- Issued 500,000 shares of Series G 8.170% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock to Banco Santander on Dec 19, 2023.
- Liquidation preference $1,000/share; dividends quarterly at 8.170% until Dec 21, 2028, then 5-year Treasury + 4.360%.
- No maturity; redeemable at company's option after Dec 21, 2028 or on regulatory capital event, subject to Fed approval.
- Shares sold in private placement exempt from registration under Section 4(a)(2) of the Securities Act.

## SEC filing metadata
- accession: 0001193125-23-298628
- form_type: 8-K
- ticker: SNUS-PI
- cik: 0000811830
- company_name: Santander Holdings USA, Inc.
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811830/000119312523298628/0001193125-23-298628-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811830/000119312523298628/d505057d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-298628
- JSON: https://secwatch.observer/filing/0001193125-23-298628.json
- Plain text: https://secwatch.observer/filing/0001193125-23-298628.txt

## Key facts
- Governance Changes
  Santander Holdings USA, Inc.: Filed Articles of Amendment to add Series G Preferred Stock rights, preferences, and limitations to the Articles of Incorporation (effective 2023-12-19).
  - Change: charter amendment
  - Effective: 2023-12-19
  source text: On December 15, 2023, in connection with the Purchase Agreement, the Company filed Articles of Amendment (the “Amendment”) with the Secretary of State of the Commonwealth of Virginia amending the Company’s existing Articles of Incorporation by adding to Article III the rights, preferences, privileges, qualifications, restrictions and limitations of the Company’s newly created Series G Preferred Stock, consisting of 500,000 authorized shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/811830/000119312523298628/0001193125-23-298628-index.htm

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