By Wendy Van Sickle
Columbus, Ohio, July 1 – Western Alliance Bank, the banking subsidiary of Western Alliance Bancorp., issued $242 million of senior credit-linked notes due Dec. 30, 2024.
Proceeds will be used for general corporate purposes, according to a form 8-K filed with the Securities and Exchange Commission.
The notes will bear interest at a floating rate per annum equal to Libor plus 550 basis points.
Western Alliance Bancorp. is a Las Vegas-based bank holding company.
| Issuer: | Western Alliance Bank
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| Issue: | Senior credit-linked notes
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| Amount: | $242 million
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| Maturity: | Dec. 30, 2024
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| Coupon: | Libor plus 550 bps
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| Distribution: | Private placement
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| Settlement date: | June 28
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