LPL Financial Holdings Inc. (LPLA): debt financing — LPL Holdings issues $1.5B in three tranches of senior notes to fund Commonwealth acquisition

LPL Financial Holdings Inc.

Issued $500M 4.900% notes due 2028, $500M 5.150% notes due 2030, $500M 5.750% notes due 2035.
Notes are senior unsecured obligations of LPL Holdings, fully guaranteed by parent LPL Financial Holdings.
Proceeds combine with common stock offering, cash, and revolver to finance Commonwealth Financial Network acquisition.
Special mandatory redemption at 101% if Commonwealth deal not closed by Dec 28, 2025 or terminated.
Interest payable semi-annually; first payments in 2025 (2028 notes Oct 3, others June 15).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

LPL Financial Holdings Inc. incurred senior notes of $500,000,000 aggregate principal amount of 4.900% Senior Notes due 2028, $500,000,000 aggregate principal amount of 5.15 with U.S. Bank Trust Company, National Association at 4.900% per year for 2028 Notes, 5.150% per year for 2030 Notes, 5.750% per year maturing April 3, 2028 for 2028 Notes, June 15, 2030 for 2030 Notes, June 15, 2035 for 2035 Notes.

Instrument: senior notes
Principal: $500,000,000 aggregate principal amount of 4.900% Senior Notes due 2028, $500,000,000 aggregate principal amount of 5.15
Counterparty: U.S. Bank Trust Company, National Association
Rate: 4.900% per year for 2028 Notes, 5.150% per year for 2030 Notes, 5.750% per year
Maturity: April 3, 2028 for 2028 Notes, June 15, 2030 for 2030 Notes, June 15, 2035 for 2035 Notes
Event: incurrence

Exact text from the filing

On April 3, 2025, LPL Holdings, Inc. (the “Company”), a wholly-owned subsidiary of LPL Financial Holdings Inc. (the “Guarantor”), completed the issuance and sale of $500,000,000 aggregate principal amount of 4.900% Senior Notes due 2028 (the “2028 Notes”), $500,000,000 aggregate principal amount of 5.150% Senior Notes due 2030 (the “2030 Notes”) and $500,000,000 aggregate principal amount of 5.750% Senior Notes due 2035 (the “2035 Notes” and, together with the 2028 Notes and the 2030 Notes, the “Senior Notes”).

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Source: SEC EDGAR

accession 0001193125-25-072396

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