---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-072396"
form_type: "8-K"
ticker: "LPLA"
cik: "0001397911"
company_name: "LPL Financial Holdings Inc."
filed_at: "2025-04-03T23:59:59+00:00"
generated_at: "2026-05-23T22:23:20.026598+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# LPL Holdings issues $1.5B in three tranches of senior notes to fund Commonwealth acquisition

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-25-072396
- form_type: 8-K
- ticker: LPLA
- cik: 0001397911
- company_name: LPL Financial Holdings Inc.
- filed_at: 2025-04-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397911/000119312525072396/0001193125-25-072396-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397911/000119312525072396/d923475d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-072396
- JSON: https://secwatch.observer/filing/0001193125-25-072396.json
- Plain text: https://secwatch.observer/filing/0001193125-25-072396.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1397911/000119312525072396/0001193125-25-072396-index.htm

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