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Get filing alertsSchwab raises $2.25B in senior notes with 2030 and 2037 maturities
Filed May 21, 2026 · Period ending May 18, 2026 · ~1 min read
Key Changes
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Issued $1B of 4.744% notes due 2030 and $1.25B of 5.493% notes due 2037, both fixed-to-floating rate, netting ~$2.24B after fees
Item 8.01 verify on EDGAR → -
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Engaged BofA Securities, Citigroup, Goldman Sachs, J.P. Morgan, and Wells Fargo as underwriters under agreement dated May 18, 2026
Item 8.01 verify on EDGAR →
Summary
Schwab completed a $2.25 billion debt offering on May 21, 2026, issuing two tranches of senior notes: $1 billion maturing in 2030 at 4.744% and $1.25 billion maturing in 2037 at 5.493%. Both carry fixed-to-floating rate structures. After underwriting fees and expenses, the company netted approximately $2.24 billion.For a financial services firm, debt issuance of this scale typically supports balance sheet management, regulatory capital requirements, or general corporate purposes.
The rates reflect current market conditions for investment-grade corporate debt. Retail holders should note the increased leverage, though the impact depends on the undisclosed use of funds and Schwab's existing capital structure.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On May 18, 2026, CSC entered into an Underwriting Agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (collectively, the “Underwriters”), pursuant to which CSC agreed to issue and sell the Notes to the Underwriters.
Schwab engaged five major investment banks as underwriters for the debt offering: BofA Securities, Citigroup, Goldman Sachs, J.P. Morgan, and Wells Fargo. The underwriting agreement was executed on May 18, 2026, three days before the notes were issued.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify