The Charles Schwab Corporation Reports Senior Notes Issuance
Summary
The Charles Schwab Corporation (CSC) issued $2,000,000,000 in aggregate principal amount of senior notes on November 14, 2025. This included $1,000,000,000 of 4.343% Fixed-to-Floating Rate Senior Notes due 2031 and $1,000,000,000 of 4.914% Fixed-to-Floating Rate Senior Notes due 2036. The net proceeds from the offering were approximately $1,986,000,000. CSC entered into an Underwriting Agreement on November 12, 2025, with several underwriters, including BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and Wells Fargo Securities, LLC (via Ex. 1.1 and Ex. 5.1). The notes were issued under a Senior Indenture and First Supplemental Indenture, both dated November 14, 2025 (via Ex. 4.1 and Ex. 4.2).
Why It Matters
The issuance of approximately $1.986 billion in net proceeds from senior notes provides significant capital to The Charles Schwab Corporation, impacting its financial structure and liquidity. This is a material financing event for the company.
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Key Quote
“Rate Senior Notes due 2036 (collectively, the "Notes"). The net proceeds of the offering of the Notes were approximately $1,986,000,000, after deducting underwriting discounts and commissions and estimated offering expenses.”
— From Item 8.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000316709
- Filing Date
- Friday, November 14, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral