Capital One Financial Corporation Announces Pricing of Common Share Offering
Net proceeds of the offering are expected to be used for general corporate
purposes and, subject to regulatory approval, for the repurchase of the
Preferred Stock and Warrants issued and sold, in each case, to the U.S.
Treasury as part of the Troubled Asset Relief Program Capital Purchase
Program. The offering is being conducted as a public offering registered
under the Securities Act of 1933. General corporate purposes may include
repayment of debt, acquisitions, additions to working capital, capital
expenditures and investments in the Company's subsidiaries. Net proceeds may
be temporarily invested prior to deployment for their intended purposes. The
sole book-runner and manager for the offering was
The public offering is being made by means of a prospectus. Capital One
has filed a registration statement (including prospectus) with the
This press release shall not constitute an offer to sell or a solicitation of an offer to buy 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.
This press release contains statements that do not directly or exclusively relate to historical facts. These types of statements are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on assumptions and are subject to risks, uncertainties and other factors that could cause the Company's actual results to differ materially from expectations. You should read and interpret any forward-looking statements together with the risk factors contained under the caption "Risk Factors" in the prospectus supplement for the offering to which this release relates and the Company's other SEC filings. Any forward-looking statement speaks only as of the date on which that statement is made. The Company will not update any forward-looking statement to reflect events or circumstances that occur after the date on which the statement is made.
About Capital One
+1-703-720-2455, or Media Relations,
Web Site: http://www.capitalone.com