Capital One financial Corporation Friday, December 10, 2010, 5: 18 pm ESTMCLEAN, Virginia, December 10, 2010/PRNewswire /-Capital One Financial Corporation (NYSE: COF - News) announced today the results of the invitation (the "consent solicitation") consents from holders of its notes relay 5.35% due May 1, 2014 (the "marks"), 428656AB8 CUSIP number, terminate the Covenants capital replacement (the "RCC") concerning the notes, which began on November 29, 2010. The termination of the CRC requires the consent of the holders of a majority amount senior notes.
The consent solicitation expired today at 5 pm, New York City time (the "expiration time"). Time expiration, Capital One has received the consent of the holders of a majority of the total outstanding principal notes. Holders of marks which validly delivered and did not validly revoke their consent before the timeout will receive consent specified in the consent solicitation statement and consent letter distributed as part of the consent solicitation expenses. Capital One has the intention to pay consenting the holders or about 13 December 2010. Capital One has executed an acknowledgement of receipt of the end of each of the ADA as described in the Declaration of consent solicitation and letter of consent. The termination is binding for all holders of the notes.
J.P. Morgan acted as the agent of the invitation to tender for the consent solicitation.
Capital one
Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries include a capital, N.A. and Capital One Bank (USA), N.A., had 119.2 billion in deposits and 196.9 billion in assets outstanding 30 September 2010. Headquartered in McLean, Virginia, Capital One offers a wide range of financial products and services to consumers, small businesses and commercial clients. Capital One, N.A. has approximately 1,000 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the district of Columbia. A company of fortune 500, a capital to the New York Stock Exchange under the symbol "COF" trades and is included in the S & P 100 index.
To consider the statements
The company cautions that its current expectations in the version dated 10 December 2010, and plans of the company, objectives, expectations and intentions, are forward-looking statements. Actual results could differ materially from current expectations due to a number of factors, including but not limited to: general economic and business the United States, U.K. or local entrepreneurship, including conditions relating to employment, income, consumer confidence, expenditures and savings that can affect the bankruptcy, default values, interest rates levels markets conditions loads compromise and file activity; developments in the market of labour and employment; changes in the environment of credit; capacity of the company to execute on its strategic and operational; plans competition from suppliers of goods and services which are in competition with the companies; increases or decreases in aggregated business accounts and balances, or growth rate and/or composition; or modification of the reputation which expectations regarding the sector of financial services or society with respect to products or financially; practices financial, legal and regulatory (including the impact of the Dodd-Frank Act and regulations to be promulgated under this Act), tax or accounting modifications or actions, including what question any litigation involving the company; and the success of the company marketing efforts to attract and retain customers. A discussion of these other factors and in the annual report of the company and other reports filed with the Securities and Exchange Commission, including, but not limited to, the company on form 10-K for the year ended December 31, 2009, as well as its most recent reports on form 10-Q quarterly report.
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