Franklin Resources closes $750M 5.5% notes offering due 2036

FRANKLIN RESOURCES INC

Issued $750M aggregate principal of 5.500% unsecured subordinated notes due Aug 10, 2036.
Net proceeds to repay ~$700M of revolving borrowings under its credit agreement; remainder for general corporate purposes.
Interest payable semi-annually Feb 10 and Aug 10, first payment Feb 10, 2027; maturity Aug 10, 2036.
Notes redeemable at Treasury Rate plus 15 bps before May 10, 2036 (Par Call Date), then at par.
Underwriters: BofA Securities, HSBC Securities (USA), Wells Fargo Securities; closing on Aug 10, 2026.

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