The Firm represented The Toronto-Dominion Bank (“TD”) in connection with its U.S. public offering of US$2.0 billion aggregate principal amount of its (i) US$1,000,000,000 4.574% Senior Medium-Term Notes, Series F, due 2028; (ii) US$700,000,000 4.808% Senior Medium-Term Notes, Series F, due 2030; and (iii) US$300,000,000 Floating Rate Senior Medium-Term Notes, Series F, due 2028 under its Medium-Term Notes program. The net proceeds from the offering will be used for general corporate purposes, which may include hedging TD’s obligations under the notes and/or funding of TD’s affiliate TD Securities (USA) LLC.
TD is the sixth largest bank in North America by assets and serves over 27.9 million customers. TD also ranks among the world’s leading online financial services firms, with more than 18 million active online and mobile customers. TD had CDN$2.1 trillion in assets on April 30, 2025.
The Simpson Thacher team included Lesley Peng, Nate Yang, Shuhan Zhang and Taylor J. Cowan (Capital Markets); Andrew Purcell and Jonathan Cantor (Tax); Spencer Sloan (Bank Regulatory); and Jeanne Annarumma (ERISA).