The Firm represented the underwriters, led by BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC as joint bookrunning managers, in connection with the public offering by The Charles Schwab Corporation (“Charles Schwab”) of $1.25 billion aggregate principal amount of 5.108% Fixed-to-Floating Rate Senior Notes due 2032 and $1.35 billion aggregate principal amount of 5.655% Fixed-to-Floating Rate Senior Notes due 2037.
Charles Schwab is a savings and loan holding company and engages, through its subsidiaries, in wealth management, securities brokerage, banking, asset management, custody and financial advisory services to individual investors and independent investment advisors.
The Simpson Thacher team included Roxane Reardon, Joseph Hahn and Sandy Cho (Capital Markets); Spencer Sloan (Bank Regulatory); Jonathan Cantor and Paul Jansch (Tax); Sara Liu and Isabella Gonzalez (Intellectual Property); George Gerstein and Alexander Kharash (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).