debt
confidence high
sentiment neutral
materiality 0.65
LPL Holdings to issue $1B in senior notes: $500M at 5.700% due 2027, $500M at 6.000% due 2034
LPL Financial Holdings Inc.
- Aggregate $1B notes: $500M 5.700% senior notes due 2027, $500M 6.000% senior notes due 2034.
- Issue prices: 99.962% for 2027 notes, 99.703% for 2034 notes.
- Proceeds for general corporate purposes, including repaying revolver and financing Atria Wealth Solutions acquisition.
- Notes fully and unconditionally guaranteed by LPL Financial Holdings Inc.
- Offering subject to customary closing conditions.