LPL Holdings issues $750M 6.75% senior notes due 2028; proceeds to repay revolver

LPL Financial Holdings Inc.

$750M aggregate principal of senior notes due 2028 issued at 99.929% of par, bearing 6.750% interest.
Notes are fully and unconditionally guaranteed by LPL Financial Holdings on a senior unsecured basis.
Net proceeds to repay borrowings under LPL's existing revolving credit facility and for general corporate purposes.
Offering consummated via underwriting agreement with Citigroup, J.P. Morgan, Morgan Stanley, U.S. Bancorp.

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