Summary
Capital One Financial Corporation (COF) filed an 8-K on June 12, 2019, to report the closing of a significant public offering of senior notes. The company successfully issued €750 million of 0.800% Senior Notes due 2024 and €500 million of 1.650% Senior Notes due 2029, totaling €1.25 billion in aggregate principal amount. This debt issuance was facilitated through an underwriting agreement with several prominent financial institutions and was registered under the Securities Act of 1933.
Key Highlights
- 1Capital One closed a public offering of €1.25 billion in senior notes.
- 2The offering included €750 million of 0.800% Senior Notes due 2024.
- 3The offering also included €500 million of 1.650% Senior Notes due 2029.
- 4The notes were issued under a Senior Indenture dated November 1, 1996.
- 5An underwriting agreement was executed on June 5, 2019, with multiple representatives.
- 6A paying agency agreement was entered into with The Bank of New York Mellon, London Branch.
- 7The issuance is part of Capital One's ongoing debt management and capital raising activities.
Frequently Asked Questions
This 8-K filing was made to formally announce and report on the closing of Capital One's public offering of senior notes, as required by SEC regulations.
Capital One raised a total of €1.25 billion through the issuance of two series of senior notes: €750 million due in 2024 and €500 million due in 2029.
The offering consisted of 0.800% Senior Notes due 2024 and 1.650% Senior Notes due 2029.
The transaction involved Capital One Financial Corporation as the issuer, several financial institutions (Barclays Bank PLC, Credit Suisse Securities (Europe) Limited, J.P. Morgan Securities plc, Merrill Lynch International, and Capital One Securities, Inc.) as underwriters, and The Bank of New York Mellon as the paying agent and indenture trustee.