secwatch.observer — SEC 8-K summary
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Issuer:     COMERICA INC (—)
CIK:        0000028412
Form:       8-K
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001193125-25-178963
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comerica issues $400M of 6.875% Series B Preferred Stock, net proceeds $392.2M
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- Issued 16M depositary shares (each 1/40th interest) at $25 liquidation preference per share, totaling $400M.
- Dividend rate of 6.875% fixed-rate reset, non-cumulative perpetual preferred stock.
- Net proceeds of approximately $392.2M after underwriting discount and expenses.
- Underwriters include BofA Securities, J.P. Morgan, Morgan Stanley, and RBC Capital Markets.
- Restrictions on common stock dividends or repurchases if preferred dividends are not paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/28412/000119312525178963/0001193125-25-178963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/28412/000119312525178963/d10770d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-178963

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