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Charles Schwab Corporation announced it is borrowing $3 billion by issuing new debt.

New sharesRead the original at SEC EDGAR
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Schwab raised about $2,982 million by issuing notes, adding cash and repayment and interest costs. The filing gives no use for the money, so it does not change the company's outlook by itself.

SCHW · Charles Schwab Corporation

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The new cash could support Schwab's business, but the filing does not say where it will go. The notes also add interest and repayment obligations, so this filing alone does not show a lasting change in the company's prospects.

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