Broadridge Financial prices $750m in senior notes

May 12, 2019

Broadridge Financial Solutions has priced $750m in senior notes due 2029 in an offering registered with the US Securities and Exchange Commission.

Proceeds raised from this sale will be used to repay its outstanding indebtedness under its revolving credit facility. Some of the capital will also be used for general corporate purposes.

J.P. Morgan Securities, BofA Securities., Morgan Stanley & Co, Wells Fargo Securities, Barclays Capital, BNP Paribas Securities, TD Securities (USA) and U.S. Bancorp Investments are serving as the joint book-running managers.

Broadridge builds an assortment of tools and software services to help asset and wealth managers improve their portfolio management. Clients can leverage its technology services to manage risk and optimize operational efficiency, adapt to regulatory challenges, generate insights and ease portfolio management.

Broadridge has made a couple of acquisitions in the last couple of months. The firm picked up regulatory and marketing content management company Appatura and Fi360, a fiduciary-focused software, data and analytics solution for financial advisors and intermediaries.