Issuer:
|
Western Alliance Bancorporation | |
Notes Offered:
|
$75 million aggregate principal amount of 10.00% Senior Notes due 2015. | |
Type of Offering:
|
SEC Registered | |
Trade Date:
|
August 20, 2010 | |
Settlement Date:
|
August 25, 2010 (T+3) | |
Maturity Date:
|
September 1, 2015 | |
Coupon:
|
10.00% | |
Reference Treasury Benchmark:
|
1.75% due July 31, 2015 | |
Reference Benchmark Yield:
|
1.421 | |
Spread to Benchmark:
|
897 basis points | |
Price to Investors:
|
98.50% of principal amount | |
Re-offer Yield:
|
10.39% | |
Interest Payment Dates
|
Semi-annually on March 1 and September 1 of each year, commencing on March 1, 2011 to and including the maturity date | |
Underwriting discounts and
commissions:
|
1.375% per note | |
Price to Western Alliance:
|
97.125% | |
Net Proceeds After Underwriting
Discount and Commission:
|
$72,843,750 | |
Day Count:
|
30/360 | |
Redemption Provisions:
|
The notes are not subject to redemption or repayment prior to maturity and will not be subject to any sinking fund. | |
Authorized denominations:
|
$2,000 and integral multiples of $1,000 in excess thereof | |
Underwriters:
|
Keefe, Bruyette & Woods,
Inc. Goldman, Sachs & Co. |
|
Global Note; Book-Entry System:
|
The notes will be issued only in fully registered form without interest coupons. The notes will be evidenced by a global note deposited with the trustee for the notes, as custodian for The Depository Trust Company, or DTC. Beneficial interests in the global note will be shown on, and transfers of those beneficial interest can only be made through, records maintained by the DTC and its participants. | |
Form of offering:
|
Firm commitment underwritten public offering pursuant to a registration statement on Form S-3 that was filed on May 4, 2009 and declared effective on May 8, 2009 | |
CUSIP/ISIN
|
957638AB5 / US957638AB57 |