Broadridge Financial to repay credit facility debt via note offering

By Tali Rackner

Norfolk, Va., June 21 – Broadridge Financial Solutions, Inc. plans to repay the outstanding debt under its senior credit facility with the proceeds from an offering of senior notes due 2026, according to a 424B5 filing with the Securities and Exchange Commission.

As of March 31, there was about $295 million outstanding under the credit facility, which matures Aug. 14, 2019.

Proceeds will also be used to finance acquisitions 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 investor communication.

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