LPL Investment to repay some term loan borrowings with IPO proceeds

By Sara Rosenberg

New York, June 4 - LPL Investment Holdings Inc. (LPL Financial) plans on repaying a portion of its term loan debt using proceeds from an initial public offering of common stock, according to an S-1 filed with the Securities and Exchange Commission on Friday.

LPL is a Boston-based business-to-business brokerage firm for independent financial advisors, banks and credit unions, and broker/dealers at financial services companies.

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