Charles Schwab Corporation 8-K

Summary

Senior debt offering. Schwab issued $3.0B aggregate principal amount of senior notes on 11/12/2026, generating ≈$2.982B in net proceeds after underwriting discounts, commissions and estimated offering expenses. The offering adds a mix of floating-rate and fixed-to-floating-rate borrowing, with maturities in 2030 and 2034.

Key Figures

• Tranches: $300M of floating-rate senior notes due 2030; $1.3B of 5.334% fixed-to-floating-rate senior notes due 2030; and $1.4B of 5.732% fixed-to-floating-rate senior notes due 2034.
• The $3.0B principal issuance is ≈7.5% of Schwab’s $40.0B total debt at 9/30/2026 (Q3 2026 10-Q).
• The underwriting agreement was dated 11/09/2026; Citigroup, Goldman Sachs, J.P. Morgan, TD Securities and Wells Fargo acted as representatives of the underwriters.