secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2021-08-12T23:59:59+00:00
Accession:  0001193125-21-244829
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000119312521244829/0001193125-21-244829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000119312521244829/d215747d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-244829

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer