debt
confidence high
sentiment neutral
materiality 0.50
Broadridge closes $500M 5.750% senior notes due 2036, proceeds to repay 2026 notes
BROADRIDGE FINANCIAL SOLUTIONS, INC.
- Closed $500M aggregate principal of 5.750% senior notes due May 15, 2036, issued under base indenture and first supplemental indenture.
- Net proceeds, together with cash on hand, to repay outstanding 3.400% senior notes due 2026.
- Notes are unsecured senior obligations, rank equally with other unsecured senior debt; no subsidiary guarantees.
- Joint book-running managers: J.P. Morgan, BofA Securities, Morgan Stanley, Wells Fargo.
- Interest payable semi-annually on May 15 and Nov 15, starting Nov 15, 2026; make-whole call protection until Feb 15, 2036.
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