Charles Schwab’s $2.2 Billion Debt Exchange Offers

Simpson Thacher advised dealer managers on the offer.

The Charles Schwab Corporation offered to exchange 3.75% Senior Notes due 2024, 3.625% Senior Notes due 2025, 3.3% Senior Notes due 2027 and 2.75% Senior Notes due 2029 issued by TD Ameritrade Holding Corporation. 

Citigroup Global Markets and Credit Suisse Securities (USA), acted as dealer managers and solicitation agents, in the SEC-registered exchange offers. 

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 F. Reardon (Picture), Arielle L. Katzman and Pia Figuerola (Capital Markets); Jonathan Cantor (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Pia Figuerola – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Arielle Katzman – Simpson Thacher & Bartlett; Roxane Reardon – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: The Charles Schwab Corporation;

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Author: Alejandro Girola