What was the primary purpose of this Form 8-K filing?

This Form 8-K filing serves two main purposes: to announce the closing of Capital One's $1 billion public offering of subordinated notes and to provide an update on the ongoing proposed merger with North Fork Bancorporation, Inc.

What are the terms of the subordinated notes issued?

Capital One issued $1,000,000,000 aggregate principal amount of 6.150% Subordinated Notes due 2016. These notes are subordinated debt, meaning they rank below senior debt in the event of bankruptcy or liquidation.

Where can I find more information about the proposed merger with North Fork?

Investors are encouraged to review the joint proxy statement/prospectus filed with the SEC, which contains important information about the proposed merger. This document, along with other related filings, can be accessed on the SEC's website (www.sec.gov) or through Capital One's investor relations section on its website (www.capitalone.com).

What is the significance of a subordinated debt offering for Capital One?

Issuing subordinated debt can be a strategy for a financial institution to bolster its capital base, potentially to meet regulatory requirements or to fund growth initiatives without diluting existing equity. The specific terms and yield of the notes provide insight into market conditions and investor appetite for Capital One's debt.

CAPITAL ONE FINANCIAL CORP 8-K SEC Disclosure

Summary

Capital One Financial Corporation (COF) announced on August 30, 2006, the successful closing of a public offering of $1 billion in 6.150% Subordinated Notes due 2016. These notes were issued under a Subordinated Indenture and were registered with the SEC, indicating a move to raise capital and potentially fund ongoing operations or strategic initiatives. In addition to the debt offering, the filing also provides an update on the proposed merger with North Fork Bancorporation, Inc. Investors are reminded to review the joint proxy statement/prospectus for important details regarding this significant transaction. The company emphasizes the availability of these documents through the SEC's website and its own investor relations portal.

Key Highlights

1Capital One successfully closed a $1 billion public offering of 6.150% Subordinated Notes due 2016 on August 29, 2006.
2The issuance of these notes was facilitated through an Underwriting Agreement with J.P. Morgan Securities, Inc., Banc of America Securities LLC, and Barclays Capital Inc.
3The notes were issued pursuant to a Subordinated Indenture dated August 29, 2006, with The Bank of New York serving as Indenture Trustee.
4The offering was registered under the Securities Act of 1933 via a Form S-3 registration statement.
5The filing provides an update regarding the ongoing proposed merger with North Fork Bancorporation, Inc.
6Investors are urged to consult the joint proxy statement/prospectus for comprehensive information on the North Fork merger.
7The company has made relevant documents, including the underwriting agreement and indenture, available as exhibits to this filing.

CAPITAL ONE FINANCIAL CORP 8-K Report, Corporate Update (Aug 31, 2006)

Summary

Key Highlights

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