Western Alliance Bancorporation, through its subsidiary Western Alliance Bank, has issued $400 million in 6.537% Fixed Rate Reset Subordinated Notes due November 15, 2035. The notes were sold to institutional accredited investors and qualify as Tier 2 capital for regulatory purposes. Proceeds from the offering, totaling $397.2 million after discounts and commissions, will be used for general corporate purposes, including supporting growth and potentially repaying or redeeming existing securities. The notes are unsecured and subordinated, ranking below existing and future senior indebtedness, and feature various redemption options beginning in 2030. U.S. Bank Trust Company serves as the issuing and paying agent.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Western Alliance Bancorporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-053807), on November 24, 2025, and is solely responsible for the information contained therein.