secwatch.observer — SEC 8-K summary
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Issuer:     WESBANCO INC (WSBC)
CIK:        0000203596
Form:       8-K
Filed at:   2025-09-12T23:59:59+00:00
Accession:  0001193125-25-202171
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wesbanco prices $230M preferred stock offering, plans to redeem $200M in higher-cost securities
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- Priced 9.2M depositary shares at $25 each (7.375% fixed-rate reset non-cumulative perpetual preferred, Series B).
- Net proceeds ~$230M: ~$150M to redeem 6.75% Series A preferred; ~$50M to redeem 4% subordinated notes due 2030.
- Remaining proceeds for general corporate purposes, including possible repayment or acquisitions.
- Offering expected to close September 17, 2025; depositary shares to list on Nasdaq under WSBCPB.
- Joint book-running managers: Keefe, Bruyette & Woods, RBC Capital Markets, and Raymond James.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/203596/000119312525202171/0001193125-25-202171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/203596/000119312525202171/d38492d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-202171

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