MCLEAN, Va., Sept. 25 /PRNewswire-FirstCall/ -- Capital One Financial
Corporation (NYSE: COF) today announced the pricing of a public offering of 14
million shares of its common stock at a gross public offering price per share
of $49.00. Capital One has granted the underwriters a 30-day overallotment
option to purchase up to 2.1 million additional shares of common stock.
Net proceeds from the offering will be used for general corporate
purposes. The offering is being conducted as a public offering registered
under the Securities Act of 1933. General corporate purposes may include
repayment of debt, acquisitions, additions to working capital, capital
expenditures and investments in the Company's subsidiaries. Net proceeds may
be temporarily invested prior to deployment for their intended purposes.
The joint bookrunning managers for the offering are Citigroup Global
Markets Inc. and J.P. Morgan Securities, Inc.
The public offering is being made by means of a prospectus. Capital One
has filed a registration statement (including prospectus) with the Securities
and Exchange Commission for the offering to which this communication relates.
You may get these documents for free by visiting EDGAR on the SEC Web site at
www.sec.gov. Alternatively, the issuer, any underwriter or any dealer
participating in the offering will arrange to send you the relevant prospectus
if you request it by contacting Citigroup Global Markets Inc., Attn:
Prospectus Department, Brooklyn Army Terminal 140, 58th Street, 8th Floor,
Brooklyn, New York 11220 or by calling toll-free (877) 858-5407 or by
facsimile at (718) 765-6734 or J.P. Morgan Securities Inc., Chase Distribution
& Support Service, Attn: Charles Buckheit/Bob Foley, 4 Chase Metrotech Center,
CS Level, Brooklyn, NY 11245 or by calling 718-242-8002.
This press release shall not constitute an offer to sell or a solicitation
of an offer to buy any securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
This press release contains statements that do not directly or exclusively
relate to historical facts. These types of statements are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. All forward-looking statements rely on assumptions and are subject to
risks, uncertainties and other factors that could cause the Company's actual
results to differ materially from expectations. You should read and interpret
any forward-looking statements together with the risk factors contained under
the caption 'Risk Factors' in the prospectus supplement for the offering to
which this release relates and the Company's other SEC filings. Any forward-
looking statement speaks only as of the date on which that statement is made.
The Company will not update any forward-looking statement to reflect events or
circumstances that occur after the date on which the statement is made.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial
holding company whose subsidiaries collectively had $92.4 billion in deposits
and $147.2 billion in managed loans outstanding as of June 30, 2008.
Headquartered in McLean, VA, Capital One has 740 locations in New York, New
Jersey, Connecticut, Texas, and Louisiana. It is a diversified bank whose
principal subsidiaries, Capital One, N.A. and Capital One Bank (USA), N.A.,
offer a broad spectrum of financial products and services to consumers, small
businesses and commercial clients. A Fortune 500 company, Capital One 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
