Capital One Updates Outstanding Securities in Routine 8-K Filing
Ticker: COF-PN · Form: 8-K · Filed: Feb 1, 2024 · CIK: 927628
| Field | Detail |
|---|---|
| Company | Capital One Financial Corp (COF-PN) |
| Form Type | 8-K |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1,000,000,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, debt, equity, filing-update
TL;DR
**Capital One just filed a routine 8-K updating its outstanding preferred stock and senior notes.**
AI Summary
Capital One Financial Corp. filed an 8-K on February 1, 2024, to update its outstanding securities, including various series of preferred stock (Series I, J, K, L, N) and senior notes (0.800% Senior Notes due 2024 and 1.650% Senior Notes due 2029). This filing is a routine update, indicating no immediate material changes but providing current information on the company's capital structure. For investors, this matters because it offers transparency into the company's debt and equity obligations, which are key components of its financial health and risk profile.
Why It Matters
This filing provides a current snapshot of Capital One's outstanding preferred stock and senior notes, which is crucial for understanding the company's capital structure and financial obligations.
Risk Assessment
Risk Level: low — This 8-K is a routine informational filing and does not indicate any new or increased financial risk for Capital One.
Analyst Insight
A smart investor would note this as a routine update to Capital One's capital structure, confirming the existence of various preferred stocks and senior notes. No immediate action is required based on this informational filing, but it serves as a data point for ongoing financial analysis.
Key Numbers
- 2024-02-01 — Date of Report (The date the earliest event reported in the 8-K occurred.)
- 001-13300 — Commission File Number (Capital One's SEC file number.)
- 54-1719854 — IRS Employer Identification No. (Capital One's IRS identification number.)
Key Players & Entities
- CAPITAL ONE FINANCIAL CORP (company) — the registrant filing the 8-K
- 0.800% Senior Notes due 2024 (dollar_amount) — a type of outstanding debt
- 1.650% Senior Notes due 2029 (dollar_amount) — a type of outstanding debt
- Series I Preferred Stock (dollar_amount) — a type of outstanding equity
- Series J Preferred Stock (dollar_amount) — a type of outstanding equity
- Series K Preferred Stock (dollar_amount) — a type of outstanding equity
- Series L Preferred Stock (dollar_amount) — a type of outstanding equity
- Series N Preferred Stock (dollar_amount) — a type of outstanding equity
FAQ
What is the purpose of this 8-K filing by Capital One Financial Corp.?
The purpose of this 8-K filing, dated February 1, 2024, is to provide current information regarding 'Other Events' and 'Financial Statements and Exhibits,' specifically updating the status of various outstanding securities like common stock, preferred stock series (I, J, K, L, N), and senior notes (0.800% due 2024 and 1.650% due 2029).
Which specific types of preferred stock are mentioned as outstanding in this filing?
The filing specifically mentions Series I Preferred Stock, Series J Preferred Stock, Series K Preferred Stock, Series L Preferred Stock, and Series N Preferred Stock as outstanding as of February 1, 2024.
What are the details of the senior notes listed in the 8-K?
The 8-K lists two types of senior notes: 0.800% Senior Notes due 2024 and 1.650% Senior Notes due 2029, both outstanding as of February 1, 2024.
What is Capital One Financial Corp.'s business address as stated in the filing?
Capital One Financial Corp.'s business address is 1680 Capital One Drive, McLean, Virginia, 22102, with a business phone number of (703) 720-1000.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 1, 2024, which is also the date of the report.
Filing Stats: 975 words · 4 min read · ~3 pages · Grade level 10.5 · Accepted 2024-02-01 16:11:03
Key Financial Figures
- $1,000,000,000 — Company") closed the public offering of $1,000,000,000 aggregate principal amount of its 5.700
Filing Documents
- d765671d8k.htm (8-K) — 42KB
- d765671dex11.htm (EX-1.1) — 157KB
- d765671dex43.htm (EX-4.3) — 59KB
- d765671dex44.htm (EX-4.4) — 60KB
- d765671dex51.htm (EX-5.1) — 10KB
- g765671g0131100731674.jpg (GRAPHIC) — 5KB
- g765671g0131100809680.jpg (GRAPHIC) — 2KB
- g765671g0131192219244.jpg (GRAPHIC) — 4KB
- g765671g0131192249248.jpg (GRAPHIC) — 4KB
- 0001193125-24-021852.txt ( ) — 606KB
- cof-20240201.xsd (EX-101.SCH) — 5KB
- cof-20240201_def.xml (EX-101.DEF) — 15KB
- cof-20240201_lab.xml (EX-101.LAB) — 26KB
- cof-20240201_pre.xml (EX-101.PRE) — 16KB
- d765671d8k_htm.xml (XML) — 13KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d)Exhibits Exhibit No. Description 1.1 Underwriting Agreement dated January 29, 2024 4.1 Senior Indenture dated as of November 1, 1996 between Capital One Financial Corporation and The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (as successor to Harris Trust and Savings Bank), as trustee (incorporated by reference to Exhibit 4.1 of the Company's Report on Form 8-K, filed on November 13, 1996) 4.2 First Supplemental Indenture dated as of November 2, 2021 to the Senior Indenture dated as of November 1, 1996 between Capital One Financial Corporation and The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (as successor to Harris Trust and Savings Bank), as trustee (incorporated by reference to Exhibit 4.2 of the Company's Report on Form 8-K, filed on November 2, 2021) 4.3 Form of 5.700% Fixed-to-Floating Rate Senior Note due 2030 4.4 Form of 6.051% Fixed-to-Floating Rate Senior Note due 2035 5.1 Opinion of Davis Polk & Wardwell LLP 23.1 Consent of Davis Polk & Wardwell LLP (included in Exhibit 5.1) 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. CAPITAL ONE FINANCIAL CORPORATION Date: February 1, 2024 By: /s/ Matthew W. Cooper Matthew W. Cooper General Counsel and Corporate Secretary 2