The Charles Schwab Corporation announced today that it has extended the
expiration date of its offer to exchange up to $256,405,000 aggregate
principal amount of its 3.225% Notes due 2022 (the "Old Notes") that
have not been registered under the Securities Act of 1933, as amended
(the “Securities Act”), for an equal amount of its outstanding 3.225%
Notes due 2022 that have been registered under the Securities Act (the
"New Notes"). As a result of the extension, the exchange offer is now
scheduled to expire at 12:00 a.m., New York City time, on January 22,
2013, unless further extended. The exchange offer was originally set to
expire at 12:00 a.m., New York City time, on January 15, 2013.
Based on the latest information provided by the exchange agent, tenders
of approximately $255,270,000 aggregate principal amount, or 99.56%, of
the Old Notes have been received pursuant to the exchange offer. Except
for the extension of the expiration date, all of the other terms of the
exchange offer remain as set forth in the exchange offer prospectus,
dated December 11, 2012.
Copies of the prospectus and related letter of transmittal may be
obtained from The Bank of New York Mellon, which is serving as the
exchange agent for the exchange offer. The Bank of New Mellon may be
contacted as follows:
The Bank of New York Mellon Trust Company, N.A.
c/o The Bank of New
York Mellon Corporation
Corporate Trust Operations—Reorganization
Unit
111 Sanders Creek Parkway
East Syracuse, NY 13057
Attn:
Christopher Landers
Telephone: 315-414-3362
Facsimile:
732-667-9408
This news release is not an offer to exchange the Old Notes for the New
Notes or the solicitation of an offer to exchange, which we are making
only through the exchange offer prospectus.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of
financial services, with more than 300 offices and 8.7 million client
brokerage accounts, 1.6 million corporate retirement plan participants,
857,000 banking accounts, and $1.92 trillion in client assets. Through
its operating subsidiaries, the company provides a full range of
securities brokerage, banking, money management and financial advisory
services to individual investors and independent investment advisors.
Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC,
www.sipc.org),
and affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds; financial
planning and investment advice; retirement plan and equity compensation
plan services; compliance and trade monitoring solutions; referrals to
independent fee-based investment advisors; and custodial, operational
and trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its banking subsidiary, Charles Schwab
Bank (member FDIC and an Equal Housing Lender), provides banking and
lending services and products. More information is available at www.schwab.com
and www.aboutschwab.com.
