Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when SCHW files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsSchwab raises $1 billion through 4.603% senior notes due 2029
Filed June 29, 2026 · Period ending June 25, 2026 · ~1 min read
Key Changes
-
medium
Issued $1 billion of 4.603% fixed-to-floating rate senior notes maturing in 2029, netting approximately $995.5 million after underwriting fees and expenses of ~$4.5 million.
Item 8.01 verify on EDGAR → -
low
Citigroup Global Markets and Goldman Sachs served as lead underwriters for the debt offering.
Item 8.01 verify on EDGAR →
Summary
Schwab completed a $1 billion senior debt offering on June 25, 2026, issuing notes with a 4.603% fixed-to-floating rate structure that mature in 2029. The company netted approximately $995.5 million after deducting underwriting discounts and offering expenses. The filing does not specify how Schwab intends to use the proceeds. This is a routine capital markets transaction that adds to Schwab's debt stack.
The 4.603% coupon reflects current market conditions for investment-grade financial services debt. For retail holders, the issuance modestly increases leverage but provides the company with additional financial flexibility. The lack of disclosed use of proceeds is typical for general corporate purposes financing.
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 June 25, 2026, CSC entered into an Underwriting Agreement (the “Underwriting Agreement”) with Citigroup Global Markets Inc. and Goldman Sachs & Co. 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.
Citigroup and Goldman Sachs served as lead underwriters for the debt offering. The underwriting discount and commissions totaled approximately $4.5 million based on the difference between gross proceeds and net proceeds.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jun 30, 2026 · How we verify