H&R Block’s Block Financial to sell dollar-denominated notes

Chicago, June 22 – Block Financial LLC will sell fixed-rate notes that come with a guarantee by H&R Block, Inc., according to a 424B5 filing with the Securities and Exchange Commission.

The coupon will be adjusted if either Moody’s Investors Service or S&P Global Ratings downgrades or subsequently upgrades the rating on the notes.

The notes have a make-whole call and a par call.

If there is a change-of-control triggering event, the company must offer to redeem the notes at 101.

BofA Securities, Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. are joint bookrunners.

Proceeds will be used for general corporate purposes, which may include redeeming the company’s 5.5% notes due 2022.

The issuer is an indirect, wholly owned subsidiary of H&R Block, a tax preparation and financial services company based in Kansas City, Mo.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.