Current Report Filing (8-k)
February 09 2017 - 4:13PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 6, 2017
DISCOVER FINANCIAL SERVICES
(Exact name of registrant as specified in its charter)
Commission
File Number: 001-33378
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Delaware
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36-2517428
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(State or other jurisdiction
of incorporation)
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(IRS Employer
Identification No.)
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2500 Lake Cook Road, Riverwoods, Illinois 60015
(Address of principal executive offices, including zip code)
(224) 405-0900
(Registrants telephone number, including area code)
N/A
(Former name or
former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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On February 6, 2017, Discover Financial Services (the
Company) priced its offering of $1,000,000,000 aggregate principal amount of 4.100% Senior Notes due 2027 (the Notes), at a public offering price of 99.911% of the face amount, and entered into an Underwriting Agreement with
Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the underwriters listed on Schedule 1 thereto (the Underwriting
Agreement) relating to the Notes. The sale of the Notes closed on February 9, 2017. The Notes were issued pursuant to a Senior Indenture, dated as of June 12, 2007, between the Company and U.S. Bank National Association, as trustee.
The offering of the Notes has been registered under the Securities Act of 1933, as amended, by the Company pursuant to its Registration Statement on Form S-3 (Registration No. 333-205280). The Underwriting Agreement and the form of Note are
filed as Exhibit 1.1 and Exhibit 4.1, respectively, to this Current Report on Form 8-K and are incorporated herein by reference. In connection with the issuance of the Notes, Sidley Austin LLP provided the Company with the legal opinion attached to
this Current Report on Form 8-K as Exhibit 5.1.
Item 9.01.
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Financial Statements and Exhibits.
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(d) Exhibits
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Exhibit
No.
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Description
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1.1
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Underwriting Agreement, dated February 6, 2017, between the Company and Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as
representatives to the several Underwriters listed on Schedule 1 thereto, relating to the Companys senior notes offering
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4.1
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Form of 4.100% Senior Note due 2027
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5.1
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Opinion of Sidley Austin LLP
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23.1
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Consent of Opinion of Sidley Austin LLP (included in Exhibit 5.1)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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DISCOVER FINANCIAL SERVICES
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Dated: February 9, 2017
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By:
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/s/ D. Christopher Greene
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Name:
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D. Christopher Greene
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Title:
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Vice President, Deputy General Counsel and Assistant Secretary
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EXHIBIT INDEX
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Exhibit
No.
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Description
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1.1
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Underwriting Agreement, dated February 6, 2017, between the Company and Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as
representatives to the several Underwriters listed on Schedule 1 thereto, relating to the Companys senior notes offering
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4.1
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Form of 4.100% Senior Note due 2027
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5.1
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Opinion of Sidley Austin LLP
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23.1
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Consent of Opinion of Sidley Austin LLP (included in Exhibit 5.1)
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