secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN ALLIANCE BANCORPORATION (WAL)
CIK:        0001212545
Form:       8-K
Filed at:   2025-03-27T23:59:59+00:00
Accession:  0001212545-25-000115
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BW Real Estate Inc. issued 300k shares of 9.5% Series B Preferred Stock at $1,000/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1212545/000121254525000115/0001212545-25-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1212545/000121254525000115/wal-20250327.htm
  HTML page:      https://secwatch.observer/filing/0001212545-25-000115

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