The Firm represented The Toronto-Dominion Bank (“TD”) in connection with its U.S. public offering of US$3.2 billion aggregate principal amount of its (i) US$1,000,000,000 4.109% Senior Medium-Term Notes, Series F, due 2028; (ii) US$500,000,000 Floating Rate Senior Medium-Term Notes, Series F, due 2028; (iii) $450,000,000 reopening of 4.808% Senior Medium-Term Notes, Series F, due 2030; and (iv) US$1,250,000,000 4.928% Senior Medium-Term Notes, Series F, due 2035 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 28.1 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$2.0 trillion in assets on July 31, 2025.
The Simpson Thacher team included Lesley Peng, Shuhan Zhang and Sandy Cho (Capital Markets); Andrew Purcell and Jonathan Cantor (Tax); Spencer Sloan (Bank Regulatory); and Jeanne Annarumma (ERISA).