---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-053176"
form_type: "8-K"
ticker: "WAL"
cik: "0001212545"
company_name: "WESTERN ALLIANCE BANCORPORATION"
filed_at: "2025-11-19T23:59:59+00:00"
generated_at: "2026-05-16T18:22:04.611139+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Western Alliance Bank prices $400M of 6.537% Subordinated Notes due 2035

## Summary
- Priced $400M aggregate principal of 6.537% Fixed Rate Reset Subordinated Notes due 2035.
- Settlement expected November 24, 2025, subject to customary closing conditions.
- Proceeds for general corporate purposes, including growth capital and repayment/redemption/repurchase of existing securities.
- Notes qualify as Tier 2 capital; are obligations of the Bank only, not guaranteed by Western Alliance Bancorporation.

## SEC filing metadata
- accession: 0001628280-25-053176
- form_type: 8-K
- ticker: WAL
- cik: 0001212545
- company_name: WESTERN ALLIANCE BANCORPORATION
- filed_at: 2025-11-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1212545/000162828025053176/0001628280-25-053176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1212545/000162828025053176/wal-20251119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-053176
- JSON: https://secwatch.observer/filing/0001628280-25-053176.json
- Plain text: https://secwatch.observer/filing/0001628280-25-053176.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.