Federated Hermes issues $350M of 3.29% senior notes due 2032

FEDERATED HERMES, INC.

Issued $350M unsecured senior notes at 3.29% fixed, maturing March 17, 2032.
Proceeds to fund share repurchases, acquisitions, pay down existing debt, and general corporate purposes.
Notes include interest coverage and leverage ratio covenants; company in compliance at issuance.
Private placement to institutional investors under Section 4(a)(2); Citigroup and PNC as lead placement agents.

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