The Firm represented the underwriters, led by BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC as joint bookrunning managers, in connection with the public offering by The Charles Schwab Corporation (“Charles Schwab”) of $2.35 billion aggregate principal amount of Senior Notes, consisting of $1.35 billion aggregate principal amount of 6.136% Fixed-to-Floating Rate Senior Notes due 2034 and $1 billion aggregate principal amount of 5.875% Senior Notes due 2026. The offering closed on August 24, 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, Kaitlyn Posa and Aaron Gurley (Capital Markets); Spencer Sloan (Bank Regulatory); Jonathan Cantor and Adam Hersch (Tax); Jessica Cohen, Bobbie Burrows and Rachelle Broida (Intellectual Property); Jeanne M. Annarumma (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).