Arnold & Porter LLP represented The Charles Schwab Corporation in a $350 million senior notes offering. The senior notes were offered at 0.850% and are due in 2015. The deal was launched on December 3, 2012 and closed on December 6, 2012. This marks the fourth securities deal that Arnold & Porter’s corporate team has done for Schwab in 2012. Schwab’s relationship with the firm dates back to the company’s first IPO in 1987. The firm (first as Howard Rice, now as Arnold & Porter) has advised Schwab on a wide range of securities matters, including the $3.3 billion capital restructuring in 2007 and over $3.3 billion in securities transactions since then.
The Arnold & Porter team was led by corporate partner Teresa Johnson and included tax partners Stuart Lipton and Cynthia Mann and corporate associates Catrine Galler Brown and Robert Pickering. The lead underwriters of the deal were Citigroup and Goldman, Sachs & Co.
