Broadridge eyes 10-year notes talked at 125 bps area over Treasuries

By Devika Patel and Cristal Cody

Knoxville, Tenn., May 6 – Broadridge Financial Solutions, Inc. plans to sell dollar-denominated 10-year senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes, due May 1, 2031, are talked to yield in the 125 basis points area over Treasuries, according to a market source.

The notes have a make-whole call feature until three months prior to maturity and then are callable at par.

The bookrunners are J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, BNP Paribas Securities Corp., TD Securities (USA) LLC, Truist Securities Inc. and U.S. Bancorp Investments Inc.

Proceeds will be used to repay debt under the company’s term credit agreement and for general corporate purposes.

Broadridge Financial is a Lake Success, N.Y.-based producer of goods and services for securities processing, clearing and outsourcing and for investor communications.

© 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.