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AI brief of an SEC Form 8-K · Charles Schwab (SCHW)

Schwab Issues $1 Billion of 4.603% Senior Notes Due 2029

Neutral Impact 2 of 5 financing Written later

Charles Schwab issued $1.0 billion of 4.603% Fixed-to-Floating Rate Senior Notes due 2029 on June 25, 2026, netting about $995.5 million after underwriting discounts, commissions and estimated expenses. The notes were sold under an existing shelf registration and a supplemental indenture dated June 29, 2026, adding long-term debt to the company's funding base.

Key points

  • Principal amount: $1,000,000,000 of 4.603% Fixed-to-Floating Rate Senior Notes due 2029
  • Net proceeds: approximately $995.5 million after underwriting discounts, commissions and estimated offering expenses
  • Issued June 25, 2026 under Underwriting Agreement with Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC as representatives
  • Notes issued under Senior Indenture dated November 14, 2025 with The Bank of New York Mellon Trust Company, N.A., as trustee

The filing

CompanyCharles Schwab (SCHW)
Form8-K, current report
Filed with the SECJun 29, 2026, 4:53 PM ET
Accession number0001193125-26-288640

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.