Charles Schwab, EPR Properties and Badger Price a Combined $3.7 Billion in Debt Offerings

Three companies tapped debt markets on November 11-12, 2026 in offerings totaling more than $3.7 billion across currencies and structures. Charles Schwab led with a $3 billion multi-tranche senior notes deal comprising $300 million in floating-rate notes due 2030, $1.3 billion in 5.334% fixed-to-floating rate notes due 2030, and $1.4 billion in 5.732% fixed-to-floating rate notes due 2034.

EPR Properties, the Kansas City-based experiential real estate investment trust, priced $500 million of 4.5% convertible senior notes due 2032 in a private placement to qualified institutional buyers under Rule 144A. The company had announced the proposed offering and moved quickly to price it, with proceeds expected to support general corporate purposes.

Canadian infrastructure services company Badger Infrastructure Solutions rounded out the activity by pricing C$200 million in senior unsecured notes due 2033. The deal was priced on November 12 and listed on the TSX under the ticker BDGI.