The Charles Schwab Corporation announced on November 12, 2026, the issuance of $3 billion in senior notes. The offering consists of three distinct tranches: $300 million in Floating Rate Notes due 2030, $1.3 billion in 5.334% Fixed-to-Floating Rate Senior Notes due 2030, and $1.4 billion in 5.732% Fixed-to-Floating Rate Senior Notes due 2034.
According to the filing, the net proceeds from the sale of these notes were approximately $2,982 million. This amount reflects the total principal less underwriting discounts, commissions, and estimated offering expenses.
The notes were issued under a Senior Indenture dated November 14, 2025, between the company and The Bank of New York Mellon Trust Company, N.A., as trustee. This issuance supplements the Fifth Supplemental Indenture, dated November 12, 2026.
The transaction was executed pursuant to a prospectus supplement dated November 9, 2026, which was filed with the Securities and Exchange Commission. The offering was led by Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC, and Wells Fargo Securities, LLC, acting as representatives of the underwriters.
