secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0001193125-25-170524
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citizens Financial issues 16M depositary shares of 6.5% Series I Preferred Stock
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- Offering of 16,000,000 depositary shares (each 1/40th interest in a share of 6.500% Series I Preferred Stock, liquidation preference $1,000/share).
- Underwriters: Morgan Stanley, BofA, JPMorgan, UBS, Wells Fargo, Citizens JMP.
- Certificate of Designations filed; dividend restrictions on common and junior stock if Series I dividends not paid.
- Offering closed July 31, 2025; aggregate liquidation preference approximately $400 million.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000119312525170524/0001193125-25-170524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000119312525170524/d870391d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-170524

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