8-KOther EventsExhibits & Filings

CAPITAL ONE FINANCIAL CORP 8-K Report, Corporate Update (May 12, 2017)

Filed May 12, 2017For Securities:COFCOF-PLCOF-PICOF-PKCOF-PNCOF-PJ

Summary

Capital One Financial Corporation (COF) announced the closing of a significant public offering of senior notes on May 11, 2017. The offering raised a total of $2.5 billion across three different tranches: $1.4 billion in 2.500% Senior Notes due 2020, $500 million in Floating Rate Senior Notes due 2020, and $600 million in 3.750% Senior Notes due 2027. This issuance represents an expansion of the company's debt capital. The new 3.750% Senior Notes due 2027 are an additional issuance to and form a single series with previously issued notes of the same maturity and interest rate from March 2017. The issuance was conducted under an established senior indenture and is registered under the Securities Act of 1933. Investors should note that this filing is primarily informational, detailing the closing of this debt offering and related documentation.

Key Highlights

  • 1Capital One Financial Corporation closed a public offering of senior notes totaling $2.5 billion on May 11, 2017.
  • 2The offering included $1.4 billion of 2.500% Senior Notes due 2020.
  • 3An additional $500 million in Floating Rate Senior Notes due 2020 was issued.
  • 4The company also issued $600 million of 3.750% Senior Notes due 2027, an upsize of an existing series.
  • 5The Notes were issued pursuant to a Senior Indenture dated November 1, 1996.
  • 6The issuance was registered under the Securities Act of 1933 via a Form S-3 registration statement.
  • 7The filing includes details about the underwriting agreement and forms of the notes as exhibits.

Frequently Asked Questions

This 8-K filing is primarily informational. It reports on the closing of Capital One's public offering of $2.5 billion in senior notes on May 11, 2017, and provides details about the different tranches of notes issued.

Capital One raised an aggregate principal amount of $2.5 billion through the issuance of its senior notes.

The offering consisted of $1.4 billion of 2.500% Senior Notes due 2020, $500 million of Floating Rate Senior Notes due 2020, and $600 million of 3.750% Senior Notes due 2027.

The $600 million of 3.750% Senior Notes due 2027 constitute an additional issuance of and form a single series with the $750 million of the Company's 3.750% Senior Notes due 2027 that were previously issued on March 9, 2017.