Summary
Capital One Financial Corporation (COF) has filed an 8-K report on August 22, 2013, to disclose an offer to exchange its outstanding 3.50% Senior Notes due 2023 for an equivalent principal amount of new 3.50% Senior Notes due 2023. This action is presented as a Regulation FD disclosure, indicating that the information is being made public to ensure broad dissemination and compliance with fair disclosure rules. The primary purpose of this exchange offer, as detailed in the accompanying press release, is likely related to optimizing the company's debt structure or maturity profile.
Key Highlights
- 1Capital One announced an offer to exchange existing 3.50% Senior Notes due 2023.
- 2The exchange offer involves up to $839,111,000 aggregate principal amount of these notes.
- 3The company is offering to exchange these notes for new 3.50% Senior Notes due 2023 of an equal principal amount.
- 4This disclosure was made via a press release furnished as an exhibit to the 8-K filing.
- 5The filing was made under Item 7.01 (Regulation FD Disclosure).
- 6The information furnished under Item 7.01 is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934.