Summary
The Charles Schwab Corporation (SCHW) announced on July 22, 2013, its agreement to sell $275 million in aggregate principal amount of 2.20% Senior Notes due 2018. The offering was consummated on July 25, 2013. This debt issuance, made under an existing shelf registration statement, provides Schwab with additional capital. Investors should note the specific terms of these notes, including their interest rate and maturity date, as disclosed in the filing. The company executed an Underwriting Agreement with Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC as representatives for the underwriters.
Key Highlights
- 1The Charles Schwab Corporation issued $275 million in 2.20% Senior Notes due 2018.
- 2The offering was consummated on July 25, 2013.
- 3The notes were issued under an Underwriting Agreement with Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC.
- 4The issuance is governed by a Senior Indenture and a Fifth Supplemental Indenture.
- 5The offering utilized an existing shelf registration statement on Form S-3.
- 6The filing includes exhibits such as the Underwriting Agreement, the Fifth Supplemental Indenture, and legal opinions.
Frequently Asked Questions
The main event reported is the issuance and sale of $275 million aggregate principal amount of 2.20% Senior Notes due 2018 by The Charles Schwab Corporation.
The Senior Notes have a coupon interest rate of 2.20% and mature in 2018.
The underwriters were represented by Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC.
This offering was made pursuant to a prospectus supplement filed under the company's existing Shelf Registration Statement on Form S-3, indicating it was part of a pre-established financing program.