The Firm represented the underwriters, led by BofA Securities, Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as joint bookrunning managers, in connection with the public offering by The Charles Schwab Corporation (“Charles Schwab”) of $2.5 billion aggregate principal amount of Fixed-to-Floating Rate Senior Notes, consisting of $1.2 billion aggregate principal amount of 5.643% Fixed-to-Floating Rate Senior Notes due 2029 and $1.3 billion aggregate principal amount of 5.853% Fixed-to-Floating Rate Senior Notes due 2034. The offering closed on May 19, 2023.
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.
The Simpson Thacher team included Roxane Reardon, Siak Goh and Avery Golombek (Capital Markets); Spencer Sloan (Bank Regulatory); Jonathan Cantor and Adam Hersch (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); Jessica Cohen and Bobbie Burrows (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).