debt
confidence high
sentiment neutral
materiality 0.65
LPL issues $1B in senior notes and upsizes revolver to $2.25B for Atria acquisition
LPL Financial Holdings Inc.
- Issued $500M 5.700% senior notes due 2027 and $500M 6.000% senior notes due 2034.
- Increased revolving credit facility from $2B to $2.25B and extended maturity.
- Proceeds to repay revolver borrowings and finance Atria Wealth Solutions acquisition.
- 2027 notes subject to special mandatory redemption if Atria deal not closed by March 7, 2025.