Charles Schwab in its $2.35 billion notes offering

On August 22, 2023, The Charles Schwab Corporation announced registered notes offerings in an aggregate principal amount of $2.35 billion, comprised of an offering 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.  Schwab expects to use the net proceeds from the sale of the notes for general corporate purposes, including, without limitation, purchasing securities to augment liquidity and supporting business growth.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Schwab.