Simpson Thacher represented the underwriters in the offering.
The Charles Schwab Corporation (“Charles Schwab”) completed the offering of $2.25 billion of Senior Notes, consisting of $500 million of Floating Rate Senior Notes due 2026, $1 billion of 1.15% Senior Notes due 2026 and $750 million of 2.3% Senior Notes due 2031. The offering closed on May 13, 2021.
BofA Securities, Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC acted as joint bookrunning managers for the offering.
Charles Schwab is a savings and loan holding company and engages, through its subsidiaries, in wealth management, securities brokerage, banking, asset management, custody and financial advisory services.
The Simpson Thacher team included Roxane F. Reardon (Picture), Arielle L. Katzman and Pia Figuerola (Capital Markets); Jonathan Cantor and Edward Grais (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); Genevieve Dorment (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).
Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Pia Figuerola – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Arielle Katzman – Simpson Thacher & Bartlett; Roxane Reardon – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;