The Firm represented The Toronto-Dominion Bank (“TD”) in connection with its U.S. public offering of US$2.5 billion aggregate principal amount of its (i) US$1,250,000,000 4.861% Senior Medium-Term Notes, Series C, due 2028, (ii) US$750,000,000 5.298% Senior Medium-Term Notes, Series C, due 2032 and (iii) US$500,000,000 Floating Rate Senior Medium-Term Notes, Series C, 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 17 million active online and mobile customers. TD had CDN$2.06 trillion in assets on October 31, 2024.
The Simpson Thacher team included Lesley Peng, Shub Chandrasekaran, Suzanne Kaufman and Shuhan Zhang (Capital Markets); Andrew Purcell and Jonathan Cantor (Tax); Spencer Sloan (Bank Regulatory); and Jeanne Annarumma (ERISA).