Capital One Issues New Debt, Redeems Old Debt

TL;DR

COF just issued $2.75B in new notes and redeemed $1.5B of old ones. Debt management in action.

AI Summary

On May 14, 2024, Capital One Financial Corp. filed an 8-K report detailing the issuance of Senior Notes. These notes include $1.5 billion of Senior Notes due 2029 and $1.25 billion of Senior Notes due 2034. The filing also mentions the redemption of $1.5 billion of Senior Notes due 2024.

Why It Matters

Capital One is actively managing its debt structure by issuing new, longer-term debt and retiring maturing debt, which can impact its interest expenses and financial leverage.

Risk Assessment

Risk Level: medium — Issuing new debt and redeeming old debt can signal changes in the company's financial strategy and leverage, potentially impacting its credit profile.

Key Numbers

• $1.5B — Senior Notes Issued (Due 2029)
• $1.25B — Senior Notes Issued (Due 2034)
• $1.5B — Senior Notes Redeemed (Due 2024)

Key Players & Entities

• Capital One Financial Corp. (company) — Filer of the report
• May 14, 2024 (date) — Date of the earliest event reported
• $1.5 billion (dollar_amount) — Amount of Senior Notes due 2029 issued
• $1.25 billion (dollar_amount) — Amount of Senior Notes due 2034 issued
• $1.5 billion (dollar_amount) — Amount of Senior Notes due 2024 redeemed

FAQ

Filing Documents

• cof-20240514.htm (8-K) — 39KB
• ex991april2024creditmetrics.htm (EX-99.1) — 23KB
• 0000927628-24-000219.txt ( ) — 274KB
• cof-20240514.xsd (EX-101.SCH) — 5KB
• cof-20240514_def.xml (EX-101.DEF) — 19KB
• cof-20240514_lab.xml (EX-101.LAB) — 38KB
• cof-20240514_pre.xml (EX-101.PRE) — 20KB
• cof-20240514_htm.xml (XML) — 9KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Capital One Financial Corporation (the "Company") hereby furnishes the information in Exhibit 99.1 hereto, Monthly Charge-Off and Delinquency Metrics - As of and for the month ended April 30, 2024. Note: Information in this report (including the exhibit) furnished pursuant to Item 7.01 shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. This report will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD. Furthermore, the information provided in Exhibit 99.1 shall not be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Monthly Charge-Off and Delinquency Metrics - As of and for the month ended April 30 , 2024 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: May 14, 2024 By: /s/ TIMOTHY P. GOLDEN Timothy P. Golden SVP, Controller and Principal Accounting Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR