The Charles Schwab Corporation’s $1.5 Billion Debt Offering

Simpson Thacher represented the underwriters, led by Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC as joint bookrunning managers, in connection with a public offering of $1.5 billion aggregate principal amount of debt securities of The Charles Schwab Corporation, consisting of $800 million aggregate principal amount of 2.65% Senior Notes due 2023 and $700 million aggregate principal amount of 3.2% Senior Notes due 2028.

The offering closed on December 7, 2017.

The Charles Schwab Corporation is headquartered in San Francisco and, through its operating subsidiaries, provides a full range of wealth management, securities brokerage, banking, money management, custody and financial advisory services to individual investors and independent investment advisors.

The Simpson Thacher team included Roxane Reardon (Picture), Rodrigo Surcan dos Santos, Dennis Durkin and Clint Eastman (Capital Markets); Mark Chorazak and Spencer Sloan (Bank Regulatory); Jonathan Cantor and Nicole Humphrey (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).


Involved fees earner: Roxane Reardon – Simpson Thacher & Bartlett; Rodrigo Surcan dos Santos – Simpson Thacher & Bartlett; Dennis Durkin – Simpson Thacher & Bartlett; Clint Eastman – Simpson Thacher & Bartlett; Mark Chorazak – Simpson Thacher & Bartlett; Spencer Sloan – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Nicole Humphrey – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Goldman, Sachs & Co.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; Credit Suisse Securities Limited;



Author: Ambrogio Visconti