Franklin Resources issues $450M in notes: $350M 2.950% due 2051, $100M 1.600% due 2030

FRANKLIN RESOURCES INC

Issued $350M of 2.950% Notes due 2051 and $100M additional 1.600% Notes due 2030 (total $450M).
Net proceeds for general corporate purposes; may redeem $300M of 2.800% notes due 2022 and/or $250M Legg Mason 3.950% notes due 2024.
The Additional 2030 Notes ($100M) share same CUSIP and series as the $750M originally issued Oct 2020, making total 2030 Notes $850M.
Notes are unsecured, unsubordinated obligations, ranking equal with other unsecured debt, structurally subordinated to subsidiaries.

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