Loan & DebtMar 30, 2026, 03:51 AM
Charles Schwab Issues $2 Billion in Senior Notes
AI Summary
Charles Schwab Corporation issued $2 billion in aggregate principal amount of senior notes, consisting of $1 billion of 4.343% Fixed-to-Floating Rate Senior Notes due 2031 and $1 billion of 4.914% Fixed-to-Floating Rate Senior Notes due 2036. The net proceeds from the offering were approximately $1.986 billion, after deducting underwriting discounts and commissions, and will likely be used for general corporate purposes.
Key Highlights
- Issued $1 billion of 4.343% Fixed-to-Floating Rate Senior Notes due 2031.
- Issued $1 billion of 4.914% Fixed-to-Floating Rate Senior Notes due 2036.
- Net proceeds of the offering were approximately $1.986 billion.
- The offering was made pursuant to an effective registration statement on Form S-3.
Price Impact
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