WASHINGTON, D.C. – Troutman Pepper Locke advised Western Alliance Bank in its successfully completed $400 million aggregate principal amount of fixed-rate reset subordinated notes. The offering settled on Nov. 24, 2025.
Western Alliance Bank intends to use the net proceeds from the offering for general corporate purposes, which may include providing capital to support its growth and the repayment, redemption, or repurchase of existing securities. The notes are intended to qualify as tier two capital for bank regulatory purposes.
The Troutman Pepper Locke team that advised Western Alliance Bank includes Greg Parisi, Adrianna ScheerCook, Codi Royall, Bella Mandel, Tom Phelan, and Chris Stock.
Troutman Pepper Locke’s Financial Services Group offers comprehensive support to financial services businesses in today’s challenging and ever-changing environment. Consistently recognized as a leading service provider to all segments of the financial services industry, the firm provides timely and practical counsel to guide clients with their most important decisions. From global financial institutions to small banks and non-bank financial service providers, clients depend on Troutman Pepper Locke to help them achieve their strategic and commercial goals while managing regulatory and litigation risk.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.