secwatch.observer — SEC 8-K summary
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Issuer:     VALLEY NATIONAL BANCORP (VLY)
CIK:        0000714310
Form:       8-K
Filed at:   2026-05-14T20:33:49+00:00
Accession:  0001193125-26-224197
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valley National issues $500M 6.219% sub notes due 2036; redeems $300M 3.00% notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714310/000119312526224197/0001193125-26-224197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714310/000119312526224197/d84505d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-224197

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