Capital One Announces $1.25 Billion Common Stock Offering

Capital One Financial Corporation

today announced an underwritten public offering of $1.25 billion of its common stock.  Morgan Stanley, Barclays Capital, Citigroup and Credit Suisse are acting as book-running managers for the offering.  Capital One intends to use the net proceeds of the offering to fund a portion of its previously announced acquisition of HSBC's U.S. credit card business.