Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 203

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 203
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 (1)December 12, 2022October 25, 2052SOFR + 7.80%$83 $2 Residential mortgage loans (2)June 30, 2022April 25, 2052SOFR + 6.00%168 3 Residential mortgage loans (3)December 29, 2021July 25, 2059SOFR + 4.67%177 2 Total$428 $7 December 31, 2024DescriptionIssuance DateMaturity DateInterest RatePrincipalDebt Issuance Costs(in millions)Residential mortgage loans (1)December 12, 2022October 25, 2052SOFR + 7.80%$84 $2 Residential mortgage loans (2)June 30, 2022April 25, 2052SOFR + 6.00%170 3 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 $1.7 billion as of March 31, 2025 and December 31, 2024.(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 $3.4 billion as of March 31, 2025 and December 31, 2024.(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 $3.5 billion as of March 31, 2025 and December 31, 2024.

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9. QUALIFYING DEBT Subordinated DebtThe Company's subordinated debt issuances are detailed in the tables below:March