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Western Alliance Bancorporation disclosed a $126.4 million non-cash impairment charge on a commercial loan facility due to counterparties Jefferies Financial Group, Leucadia Asset Management LLC, and affiliates failing to make required principal payments under a forbearance agreement. The Bank filed a complaint in New York Supreme Court alleging breach of contract and fraud, with planned offsets from $50 million securities gains and $50 million expense reductions.
Event Type
Disclosure
Mandatory
Variant
8-K
. MATERIAL IMPAIRMENTS Western Alliance Bancorporation (the “Company”) was recently informed that the counterparties to a commercial loan facility and forbearan
of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of
. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. 99.1 Press Release dated March 6, 2026 104 Cover Page Interactive Data File (embedded within the Inline XBRL
Debt / Financing