---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-273442"
form_type: "8-K/A"
ticker: "LPLA"
cik: "0001397911"
company_name: "LPL Financial Holdings Inc."
filed_at: "2024-12-09T23:59:59+00:00"
generated_at: "2026-05-29T05:34:28.378117+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# LPL Financial refinances $1.02B Term Loan B with new Term Loan A; expects ~$4M annual interest savings

## Summary
- Refinanced $1.019B Term Loan B with new $1.02B Term Loan A due Dec 5, 2026.
- Interest spread reduced from Term SOFR+175bps to +137.5bps; expected ~$4M annual savings.
- No required amortization; subject to same financial covenants as existing revolver.
- Subsidiary guarantees and collateral released; restrictive covenants suspended.
- Proceeds used to refinance existing term loans, pay fees, and for general corporate purposes.

## SEC filing metadata
- accession: 0001193125-24-273442
- form_type: 8-K/A
- ticker: LPLA
- cik: 0001397911
- company_name: LPL Financial Holdings Inc.
- filed_at: 2024-12-09T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 9.01, 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397911/000119312524273442/0001193125-24-273442-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397911/000119312524273442/d796881d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-273442
- JSON: https://secwatch.observer/filing/0001193125-24-273442.json
- Plain text: https://secwatch.observer/filing/0001193125-24-273442.txt

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