The Charles Schwab Corporation’s $1.95 Billion Debt Offering


Simpson Thacher represented the underwriters, led by Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint bookrunning managers, in connection with a public offering of $1.95 billion aggregate principal amount of debt securities of The Charles Schwab Corporation, consisting of $600 million aggregate principal amount of floating rate senior notes due 2021, $600 million aggregate principal amount of 3.25% Senior Notes due 2021 and $750 million aggregate principal amount of 3.85% Senior Notes due 2025.

The offering closed on May 22, 2018.

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), Conor Colasurdo, Sherry Shen and Loren Shokes (Capital Markets); Spencer Sloan (Bank Regulatory); Jonathan Cantor (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: Roxane Reardon – Simpson Thacher & Bartlett; Conor Colasurdo – Simpson Thacher & Bartlett; Sherry Shen – Simpson Thacher & Bartlett; Loren Shokes – Simpson Thacher & Bartlett; Spencer Sloan – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Citigroup Global Markets Ltd; Goldman, Sachs & Co.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Credit Suisse Securities Limited; JP Morgan Securities;

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Author: Ambrogio Visconti