TD Ameritrade Offering $1.25B in Senior Notes

Online retail brokerage TD Ameritrade Holding Corp. said Friday that it will sell $1.25 billion in senior unsecured notes in a public offering and use proceeds to retire debt and stagger the maturity of its long-term bonds.

The company is offering $250 million of 2.95 percent notes due 2012, $500 million of 4.15 percent notes due 2014 and $500 million of 5.6 percent notes due 2019.

The offering is expected to close Nov. 25, subject to customary closing conditions.

Banc of America Securities LLC and Citigroup Global Markets Inc. are acting as joint book-running managers and joint lead managers of the offering.

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