Capital One Financial Corporation Announces Final Results of Senior Notes Exchange Offer
The exchange offer expired at 11:59 p.m.,
The following table indicates, among other things, the principal amount of the Old Notes validly tendered for exchange as of the final participation date:
CUSIP Number |
Title of Old Notes |
Cumulative Principal |
Anticipated Principal |
|||||||||
14040H AR6 | 6.750% Senior Notes due 2017 | $762,906,000 (56.89%) | $578,139,000 |
In accordance with the terms of the exchange offer, COF has accepted or
will accept all of the Old Notes that were validly tendered for
exchange. COF expects final settlement to take place on
The New Notes have not been registered under the Securities Act of 1933,
as amended (the “Securities Act”), or any state securities laws. The New
Notes may not be offered or sold in
This press release is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any security. The exchange offer is being made solely by the Confidential Offering Circular and related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law. In particular, this communication is addressed to and directed at Eligible Holders only.
This press release contains forward-looking statements which are subject to risks and uncertainties. The forward-looking statements contain words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “will,” “may,” “likely” and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. COF undertakes no obligation to update or revise any forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, whether or not COF will ultimately consummate the exchange offer, the satisfaction of the conditions described in the Confidential Offering Circular and market conditions.
Source:
Capital One Financial Corporation
Investor Relations
Jeff
Norris, 703.720.2455
Danielle Dietz, 703.720.2455
or
Media
Relations
Julie Rakes, 804.284.5800