Broadridge Announces Pricing of $500 Million Senior Notes
June 21 2016 - 5:43PM
Broadridge Financial Solutions, Inc. (NYSE:BR) (“Broadridge”)
today announced that it has priced $500 million aggregate principal
amount of 3.400% senior notes due 2026 (the “Notes”) in an offering
registered under the Securities Act of 1933, as amended.
Broadridge intends to use the net proceeds of this offering to
repay the outstanding indebtedness under its senior credit
facility, to finance acquisitions and for general corporate
purposes.
J.P. Morgan, Morgan Stanley, MUFG, Wells Fargo Securities, BNP
Paribas, TD Securities and US Bancorp are acting as the joint
book-running managers for the offering.
The Notes are being offered pursuant to an effective
registration statement only by means of a prospectus and related
preliminary prospectus supplement, copies of which may be obtained
from J.P. Morgan Securities LLC collect at 212-834-4533, Mitsubishi
UFJ Securities (USA), Inc. toll-free at 877-649-6848, Morgan
Stanley & Co. LLC toll-free at 866-718-1649, Wells Fargo
Securities, LLC toll-free at 800-645-3751.
You may also visit www.sec.gov to obtain an electronic copy of
the prospectus and related preliminary prospectus supplement.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
notes in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
About BroadridgeBroadridge Financial Solutions,
Inc. (NYSE:BR) is the leading provider of investor communications
and technology-driven solutions for broker-dealers, banks, mutual
funds and corporate issuers globally. Broadridge's investor
communications, securities processing and managed services
solutions help clients reduce their capital investments in
operations infrastructure, allowing them to increase their focus on
core business activities. With over 50 years of experience,
Broadridge's infrastructure underpins proxy voting services for
over 90% of public companies and mutual funds in North America, and
processes on average $5 trillion in equity and fixed income trades
per day. Broadridge employs approximately 7,400 full-time
associates in 14 countries.
Forward-Looking StatementsThis press release
and other written or oral statements made from time to time by
representatives of Broadridge may contain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements that are not historical in nature,
and which may be identified by the use of words such as “expects,”
“assumes,” “projects,” “anticipates,” “estimates,” “we believe,”
“could be” and other words of similar meaning, are forward-looking
statements. These statements are based on management’s expectations
and assumptions and are subject to risks and uncertainties that may
cause actual results to differ materially from those expressed.
These risks and uncertainties include those risk factors discussed
in Part I, “Item 1A. Risk Factors” of our Annual Report on Form
10-K for the fiscal year ended June 30, 2015 (the “2015 Annual
Report”), as they may be updated in any future reports filed with
the Securities and Exchange Commission. All forward-looking
statements speak only as of the date of this press release and are
expressly qualified in their entirety by reference to the factors
discussed in the 2015 Annual Report.
These risks include: the success of Broadridge in retaining and
selling additional services to its existing clients and in
obtaining new clients; Broadridge’s reliance on a relatively small
number of clients, the continued financial health of those
clients, and the continued use by such clients of Broadridge’s
services with favorable pricing terms; changes in laws and
regulations affecting Broadridge’s clients or the services provided
by Broadridge; declines in participation and activity in the
securities markets; any material breach of Broadridge security
affecting its clients’ customer information; the failure of
Broadridge’s outsourced data center services provider to provide
the anticipated levels of service; a disaster or other significant
slowdown or failure of Broadridge’s systems or error in the
performance of Broadridge’s services; overall market and economic
conditions and their impact on the securities markets; Broadridge’s
failure to keep pace with changes in technology and demands of its
clients; Broadridge’s ability to attract and retain key personnel;
the impact of new acquisitions and divestitures; and competitive
conditions. Broadridge disclaims any obligation to update or revise
forward-looking statements that may be made to reflect events or
circumstances that arise after the date made or to reflect the
occurrence of unanticipated events, other than as required by
law.
Contact Information
Investors:
Edings Thibault
Head of Investor Relations
(516) 472-5129
broadridgeir@broadridge.com
Media:
Linda Namias
Sr. Director, Corporate Communications
(631) 254-7711
linda.namias@broadridge.com
Broadridge Financial Sol... (NYSE:BR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Broadridge Financial Sol... (NYSE:BR)
Historical Stock Chart
From Jul 2023 to Jul 2024