Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 241

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 241
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 Residential mortgage loans (3)December 29, 2021July 25, 2059SOFR + 4.67%180 2 Total$434 $7 (1)    There are multiple classes of these notes, each with an interest rate of one-month SOFR plus a spread that ranges from 2.25% to 11.00% (or, a weighted average spread of 7.80%) on a reference pool balance of $1.6 billion and $1.7 billion as of September 30, 2025 and December 31, 2024, respectively.(2)    There are multiple classes of these notes, each with an interest rate of one-month SOFR plus a spread that ranges from 2.25% to 15.00% (or, a weighted average spread of 6.00%) on a reference pool balance of $3.2 billion and  $3.4 billion as of September 30, 2025 and December 31, 2024, respectively.(3)    There are six classes of these notes, each with an interest rate of one-month SOFR plus a spread that ranges from 3.15% to 8.50% (or, a weighted average spread of 4.67%) on a reference pool balance of $3.3 billion and $3.5 billion as of September 30, 2025 and December 31, 2024, respectively.

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9. QUALIFYING DEBT Subordinated DebtThe Company's subordinated debt issuances are detailed in the tables below:September 30, 2025DescriptionIssuance DateMaturity DateInterest RatePrincipalUnamortized Debt Issuance Costs(in millions)WAL fixed-to-variable-rate (1)June 2021June 15, 20313.00 %$600 $5 Total$600 $5 December 31, 2024DescriptionIssuance DateMaturity DateInterest RatePrincipalUnamortized Debt Issuance Costs(in millions)WAL fixed-to-variable-rate (1)June 2021June 15, 20313.00 %$600 $5 WAB fixed-to-variable-rate (2)May 2020June 1, 20305.25 %225 — Total$825 $5 (1)    Notes are redeemable, in whole or