secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN ALLIANCE BANCORPORATION (WAL)
CIK:        0001212545
Form:       8-K
Filed at:   2025-11-24T23:59:59+00:00
Accession:  0001628280-25-053807
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Alliance Bank issues $400M in subordinated notes at 6.537% due 2035
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- Issued $400M aggregate principal of 6.537% Fixed Rate Reset Subordinated Notes due November 15, 2035.
- Net proceeds to Western Alliance Bank of $397.2M after discounts and commissions.
- Initial fixed rate of 6.537% through November 15, 2030; then resets to 5-year U.S. Treasury Rate plus 285 bps.
- Notes intended to qualify as Tier 2 capital for bank regulatory purposes; proceeds for general corporate purposes.
- Notes are unsecured, subordinated obligations, redeemable at par on or after November 15, 2030.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1212545/000162828025053807/0001628280-25-053807-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1212545/000162828025053807/wal-20251124.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-053807

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