secwatch.observer — SEC 8-K summary
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Issuer:     VALLEY NATIONAL BANCORP (VLY)
CIK:        0000714310
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001193125-24-190037
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valley National Bancorp prices $144.7M offering of 8.25% Preferred Stock Series C
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- Issued 6M shares (6.9M with overallotment) of 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Series C at $25/share.
- Net proceeds expected ~$144.7M after underwriting discounts and expenses.
- Underwriters: Morgan Stanley, BofA, JPMorgan, UBS, Wells Fargo, KBW.
- Expected to close on or about August 5, 2024.
- Underwriters have 30-day option to buy up to 900,000 additional shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714310/000119312524190037/0001193125-24-190037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714310/000119312524190037/d823781d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-190037

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