The Charles Schwab Corporation Reports $1 Billion Senior Notes Issuance
Summary
On June 25, 2026, The Charles Schwab Corporation (CSC) issued $1,000,000,000 aggregate principal amount of 4.603% Fixed-to-Floating Rate Senior Notes due 2029. The net proceeds from this offering were approximately $995.5 million after deducting underwriting discounts and estimated expenses (via Item 8.01). CSC entered into an Underwriting Agreement with Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC as representatives of the underwriters. The Notes were issued under a Senior Indenture, supplemented by a Third Supplemental Indenture dated June 29, 2026 (Ex. 4.2).
Why It Matters
This debt offering of $1 billion in senior notes, yielding approximately $995.5 million in net proceeds, is a significant financing activity for The Charles Schwab Corporation. It impacts the company's capital structure and liquidity, providing funds for general corporate purposes.
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Key Quote
“Rate Senior Notes due 2029 (the "Notes"). The net proceeds of the offering of the Notes were approximately $995.5 million 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
- Monday, June 29, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral