secwatch.observer — SEC 8-K summary
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Issuer:     Customers Bancorp, Inc. (CUBI)
CIK:        0001488813
Form:       8-K
Filed at:   2025-12-22T23:59:59+00:00
Accession:  0002039852-25-000203
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Customers Bancorp issues $100M of 6.875% subordinated notes due 2036
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- Issued $100M aggregate principal of 6.875% Fixed-to-Floating Rate Subordinated Notes due January 15, 2036.
- Interest fixed at 6.875% until Jan 15, 2031, then floats at 3-month SOFR plus 342 bps quarterly.
- Redeemable at par at company's option from Jan 15, 2031; not subject to holder redemption.
- Notes are unsecured, subordinated, rank junior to all senior debt, and not guaranteed by subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488813/000203985225000203/0002039852-25-000203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488813/000203985225000203/cubi-20251222.htm
  HTML page:      https://secwatch.observer/filing/0002039852-25-000203

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