Broadridge enters $1.3B amended term credit facility; SOFR+1.250% initial margin

BROADRIDGE FINANCIAL SOLUTIONS, INC.

Amended and restated term credit agreement dated Aug 17, 2023 provides $1.3 billion in term loan commitments.
Loans mature 3 years from borrowing date; proceeds used to repay existing term loans and for general corporate purposes.
Initial interest rate at Adjusted Term SOFR plus 1.250% per annum; step-ups/downs based on credit ratings.
No premium or penalty on voluntary prepayments, subject to customary breakage costs.
Leverage ratio covenant and customary affirmative/negative covenants included.

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