secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2026-07-30T21:57:45+00:00
Accession:  0001193125-26-326411
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citizens Financial issues $400M of 6.750% Series J Preferred Stock
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- Issued 400,000 shares of 6.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series J, liquidation preference $1,000/share.
- Underwriting agreement with BofA, J.P. Morgan, Morgan Stanley, Wells Fargo, and Citizens JMP Securities.
- Dividend restrictions on common and junior stock if Series J dividends are not declared and paid.
- Certificate of Designations filed with Delaware Secretary of State on July 27, 2026.
- Proceeds not specified; offering closed July 30, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000119312526326411/0001193125-26-326411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000119312526326411/d144911d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-326411

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