Broadridge Announces Closing of $500 Million Senior Notes Offering
June 27 2016 - 5:01PM
Broadridge Financial Solutions, Inc. (NYSE:BR) (“Broadridge”)
today announced the closing of its offering of $500 million
aggregate principal amount of 3.400% senior notes due 2026 (the
“Notes”). As previously announced, 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 acted as the
joint book-running managers for the offering.
The Notes were offered pursuant to an effective
registration statement only by means of a prospectus and related
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, and 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 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
edings.thibault@broadridge.com
Media:
Linda Namias
Sr. Director, Corporate Communications
(631) 254-7711
linda.namias@broadridge.com
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