debt
confidence high
sentiment neutral
materiality 0.50
Broadridge enters $750M term credit agreement, repays existing term loan
BROADRIDGE FINANCIAL SOLUTIONS, INC.
- Incurred $750M term loan on Aug 21, 2025, maturing Aug 21, 2028.
- Proceeds used to repay existing Aug 2023 term credit agreement and for general corporate purposes.
- Interest at Term SOFR + 1.250% p.a. initially, subject to ratings-based adjustment (spread range 1.000%–1.625%).
- No premium or penalty for voluntary prepayment; maximum leverage ratio covenant applies.
- JPMorgan Chase is administrative agent; BofA and Wells Fargo are joint lead arrangers.