OMAHA, Neb.--(BUSINESS WIRE)--TD Ameritrade Holding Corporation (Nasdaq: AMTD) today announced the pricing of an underwritten public offering of $800 million of the Company’s senior notes due 2027.
The notes will bear interest at a rate of 3.300 percent, payable semi-annually on April 1 and October 1 of each year, beginning on Oct. 1, 2017. The notes will mature on Apr. 1, 2027.
The Company intends to use the net proceeds from the sale of the notes for general corporate purposes including, but not limited to, financing the acquisition of Scottrade Financial Services, Inc. The offering is expected to close Apr. 27, 2017, subject to customary closing conditions.
Barclays Capital Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, TD Securities (USA) LLC, and U.S. Bancorp Investments, Inc. are acting as joint book-running managers of the offering. In addition, Merrill Lynch, Pierce, Fenner & Smith Incorporated is acting as co-manager.
The offering is being made solely by means of a prospectus supplement and a prospectus, which have been filed with the U.S. Securities and Exchange Commission and may be obtained by contacting Barclays Capital Inc. toll-free at (888) 603-5847 or Wells Fargo Securities, LLC toll-free at (800) 645-3751.
This press release shall not constitute an offer to sell, or the solicitation of an offer to purchase, any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Source: TD Ameritrade Holding Corporation
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Safe Harbor
This document contains forward-looking
statements within the meaning of the federal securities laws. We intend
these forward-looking statements to be covered by the safe harbor
provisions of the federal securities laws. In particular, any
projections regarding our future revenues, expenses, earnings, capital
expenditures, effective tax rates, client trading activity, accounts,
stock price or any projections or expectations regarding the proposed
business combination transaction between us and Scottrade Financial
Services, Inc., as well as the assumptions on which such expectations
are based, are forward-looking statements. These statements reflect only
our current expectations and are not guarantees of future performance or
results. These statements involve risks, uncertainties and assumptions
that could cause actual results or performance to differ materially from
those contained in the forward-looking statements. These risks,
uncertainties and assumptions include, but are not limited to: general
economic and political conditions and other securities industry risks,
fluctuations in interest rates, stock market fluctuations and changes in
client trading activity, credit risk with clients and counterparties,
increased competition, systems failures, delays and capacity
constraints, network security risks, liquidity risks, new laws and
regulations affecting our business, regulatory and legal matters, the
ability to obtain regulatory approvals and meet other closing conditions
to the proposed transaction, including the completion of the merger
between Scottrade Bank and TD Bank, N.A., on the expected terms and
schedule; delay in closing the transaction; difficulties and delays in
integrating the TD Ameritrade and Scottrade businesses or fully
realizing cost savings and other benefits; business disruption following
the proposed transaction; changes in asset quality and credit risk; the
inability to sustain revenue and earnings growth; changes in interest
rates and capital markets; inflation; customer borrowing, repayment,
investment and deposit practices; customer disintermediation; the
introduction, withdrawal, success and timing of business initiatives;
competitive conditions; TD Ameritrade’s and Scottrade’s businesses
experiencing disruptions due to transaction-related uncertainty or other
factors making it more difficult to maintain relationships with
employees, customers, other business partners or governmental entities;
the inability to realize synergies or to implement integration plans and
other consequences associated with mergers, acquisitions and
uncertainties and other risk factors described in our latest Annual
Report on Form 10-K, filed with the SEC on Nov. 18, 2016 and our latest
Quarterly Report on Form 10-Q filed thereafter. These forward-looking
statements speak only as of the date on which the statements were made.
We undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent required by the federal
securities laws.