Capital One plans two-part sale of senior notes via five bookrunners

By Devika Patel

Knoxville, Tenn., April 26 – Capital One Financial Corp. expects to price fixed-rate senior notes in two tranches, according to a 424B5 filed with the Securities and Exchange Commission.

The notes, due in 2021 and 2025, feature a make-whole call until one month prior to maturity for both series of notes, and then a par call.

BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC and Capital One Securities Inc. are the bookrunners.

Proceeds will be used for general corporate purposes, which may include debt repayment, common stock or other securities redemptions and repurchases, acquisitions, working capital, capital expenditures and investments.

Capital One is a McLean, Va.-based financial services company.

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