{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-224197","form_type":"8-K","ticker":"VLY","cik":"0000714310","company_name":"VALLEY NATIONAL BANCORP","filed_at":"2026-05-14T20:33:49+00:00","discovered_at":"2026-05-14T20:35:00.277396+00:00","generated_at":"2026-05-14T20:35:35.693807+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Valley National issues $500M 6.219% sub notes due 2036; redeems $300M 3.00% notes","bullets":["Issued $500M aggregate principal of 6.219% Fixed-to-Floating Subordinated Notes due June 1, 2036; net proceeds ~$494.1M.","Redeeming all $300M 3.00% Fixed-to-Floating Subordinated Notes due 2031 on June 15, 2026 at par plus accrued interest.","New notes pay fixed 6.219% to June 2031, then SOFR+243 bps quarterly; intended to qualify as Tier 2 capital.","Underwriters: Keefe Bruyette & Woods, Morgan Stanley, RBC Capital Markets, R. Seelaus."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-224197","json":"https://secwatch.observer/filing/0001193125-26-224197.json","markdown":"https://secwatch.observer/filing/0001193125-26-224197.md","text":"https://secwatch.observer/filing/0001193125-26-224197.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/714310/000119312526224197/0001193125-26-224197-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/714310/000119312526224197/d84505d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T20:35:35.693807+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7f6b5672fb1aa56d2142af309f8ec326e81ee2e8","claim":"VALLEY NATIONAL BANCORP incurred senior notes of $500,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 6.219% Fixed-to-Floating Rate maturing June 1, 2036.","evidence_excerpt":"on May 14, 2026 (the “Closing Date”), Valley National Bancorp (the “Company”) completed the issuance and sale (the “Offering”) of $500,000,000 aggregate principal amount of the Company’s 6.219% Fixed-to-Floating Rate Subordinated Notes due 2036 (the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/714310/000119312526224197/0001193125-26-224197-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$500,000,000 aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"6.219% Fixed-to-Floating Rate"},{"label":"Maturity","value":"June 1, 2036"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8d1488d8be1bf4c8debef4630aef7e6446c79ca9","claim":"VALLEY NATIONAL BANCORP entered into First Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $500,000,000 (effective 2026-05-14).","evidence_excerpt":"On the Closing Date, the Company entered into a First Supplemental Indenture with U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), in connection with the issuance and terms of the Notes (the “First Supplemental Indenture”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/714310/000119312526224197/0001193125-26-224197-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$500,000,000"},{"label":"Effective","value":"2026-05-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}