Loan & DebtMay 15, 2026, 04:42 PM
Broadridge closes $500M offering of 5.750% Senior Notes due 2036
AI Summary
Broadridge Financial Solutions announced the closing of its public offering of $500 million aggregate principal amount of 5.750% Senior Notes due 2036. The Notes, which mature on May 15, 2036, will pay interest semi-annually. The company plans to use the net proceeds from this offering, combined with cash on hand, to repay its existing 3.400% senior notes due 2026.
Key Highlights
- Broadridge closed an offering of $500,000,000 aggregate principal amount of Senior Notes.
- The Notes bear an interest rate of 5.750% per annum.
- The Notes will mature on May 15, 2036.
- Proceeds will be used to repay outstanding 3.400% senior notes due 2026.
- Interest on the Notes is payable semi-annually on May 15 and November 15.
- The Notes are general unsecured senior obligations.
Price Impact
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