{"schema_version":"secwatch.filing_event.v1","accession":"0001212545-25-000115","form_type":"8-K","ticker":"WAL","cik":"0001212545","company_name":"WESTERN ALLIANCE BANCORPORATION","filed_at":"2025-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.116380+00:00","generated_at":"2026-05-24T03:42:18.220437+00:00","sec_items":["3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"BW Real Estate Inc. issued 300k shares of 9.5% Series B Preferred Stock at $1,000/share","bullets":["300,000 shares of 9.500% Fixed-Rate Reset Non-Cumulative Exchangeable Perpetual Series B Preferred Stock; liquidation preference $1,000 per share.","Offering closed March 27, 2025; sold to initial purchasers under Rule 144A and Regulation S exemption.","Joint bookrunning managers: J.P. Morgan Securities, MUFG Securities Americas, and Keefe, Bruyette & Woods.","Shares automatically exchangeable for WAB Series A Preferred upon Federal Reserve directive or regulatory capital change.","BW may redeem any dividend payment date on/after March 30, 2030, subject to regulatory approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001212545-25-000115","json":"https://secwatch.observer/filing/0001212545-25-000115.json","markdown":"https://secwatch.observer/filing/0001212545-25-000115.md","text":"https://secwatch.observer/filing/0001212545-25-000115.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1212545/000121254525000115/0001212545-25-000115-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1212545/000121254525000115/wal-20250327.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T03:42:18.220437+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}