---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-271649"
form_type: "8-K"
ticker: "LPLA"
cik: "0001397911"
company_name: "LPL Financial Holdings Inc."
filed_at: "2024-12-05T23:59:59+00:00"
generated_at: "2026-05-29T07:10:56.839798+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# LPL refinances $1.02B Term Loan B into Term Loan A, saves ~$4M annual interest

## Summary
- Refinanced $1,019M Term Loan B with $1,020M Term Loan A at SOFR+137.5 bps vs prior +175 bps.
- Annual cash interest expense savings of approximately $4 million.
- Term Loan A matures Dec 2026, has no required amortization; subsidiary guarantees and liens released.
- New facility includes maximum leverage and minimum interest coverage covenants with equity cure rights.

## SEC filing metadata
- accession: 0001193125-24-271649
- form_type: 8-K
- ticker: LPLA
- cik: 0001397911
- company_name: LPL Financial Holdings Inc.
- filed_at: 2024-12-05T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397911/000119312524271649/0001193125-24-271649-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397911/000119312524271649/d909043d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-271649
- JSON: https://secwatch.observer/filing/0001193125-24-271649.json
- Plain text: https://secwatch.observer/filing/0001193125-24-271649.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.