MCLEAN, Va.--(BUSINESS WIRE)--Aug. 22, 2013--
Capital One Financial Corporation
(“COF”) (NYSE:COF) announced today
that it commenced an offer to exchange certain of its outstanding
unregistered notes for new registered notes in accordance with the terms
of its registration rig hts agreement with existing holders of those
notes.
Under the exchange offer, COF is offering to exchange up to $839,111,000
aggregate principal amount of its outstanding 3.50% Senior Notes due
2023 (the “Old Notes”) for a like principal amount of its new 3.50%
Senior Notes due 2023 (the “New Notes”).
The exchange offer will expire at 5 P.M., New York City time,
on September 20, 2013, unless extended by COF (such date and time, as
they may be extended, the “expiration time”). The settlement date for
the exchange offer will occur promptly following the expiration time.
The exchange offer is made only pursuant to COF’s prospectus dated
August 22, 2013, which has been filed with the Securities and Exchange
Commission. COF has not authorized any person to provide information
other than as set forth in the prospectus, or any supplements thereto.
Copies of the prospectus and transmittal letters governing the exchange
offer can be obtained from the exchange agent, The Bank of New York
Mellon Trust Company, N.A., by faxing a request to (732) 667-9408 or by
writing via regular mail or overnight courier, or in person by hand, to
The Bank of New York Mellon Trust Company, N.A., Corporate Trust
Operations—Reorganization Unit, 111 Sanders Creek Parkway, East
Syracuse, New York 13057.
This press release is for informational purposes only and is neither an
offer to sell nor a solicitation of an offer to buy any security. The
exchange offer is being made solely pursuant to the prospectus dated
August 22, 2013, including any supplements thereto, and only to such
persons and in such jurisdictions as is permitted under applicable law.
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.
About Capital One
Capital One Financial Corporation (www.capitalone.com)
is a financial holding company whose subsidiaries, which include Capital
One, N.A., and Capital One Bank (USA), N. A., had $209.9 billion in
deposits and $296.5 billion in total assets as of June 30, 2013.
Headquartered in McLean, Virginia, COF offers a broad spectrum of
financial products and services to consumers, small businesses and
commercial clients through a variety of channels. Capital One, N.A. has
more than 900 branch locations primarily in New York, New Jersey, Texas,
Louisiana, Maryland, Virginia and the District of Columbia. A Fortune
500 company, COF trades on the New York Stock Exchange under the symbol
“COF” and is included in the S&P 100 index.
Source: Capital One Financial Corporation
Capital One Financial Corporation
Investor:
Jeff
Norris, 703-720-2455
Danielle Dietz, 703-720-2455
or
Media:
Julie
Rakes, 804-284-5800