Charles Schwab Corp. on March 24 issued $600 million aggregate principal amount of 4.200% senior notes due March 24, 2025, and $500 million aggregate principal amount of 4.625% senior notes due March 22, 2030.
The company intends to use the net proceeds from the offering for general corporate purposes, according to a prospectus supplement.
Interest on the 2025 notes will be paid on March 24 and Sept. 24 of each year, beginning Sept. 24, 2020. Interest on the 2030 notes will be paid on March 22 and Sept. 22 of each year, beginning Sept. 22, 2020.
BofA Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC served as joint book-running managers for the offering. Morgan Stanley & Co. LLC and Wells Fargo Securities LLC served as senior co-managers, while HSBC Securities (USA) Inc., Lloyds Securities Inc., PNC Capital Markets LLC and U.S. Bancorp Investments Inc. acted as co-managers for the offering.