NEW YORK, Dec. 4, 2019 /PRNewswire/ -- Broadridge Financial
Solutions, Inc. (NYSE: BR) ("Broadridge") today announced
that it has priced $750
million aggregate principal amount of 2.900% senior
notes due 2029 (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 revolving credit
facility and for general corporate purposes.
J.P. Morgan Securities LLC, BofA Securities, Inc.,
Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Barclays
Capital Inc., BNP Paribas Securities Corp., TD Securities
(USA) LLC. and U.S. Bancorp
Investments, Inc. 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, BofA Securities, Inc. toll-free at 800-294-1322,
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 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 Broadridge
Broadridge Financial Solutions, Inc.
(NYSE: BR), a $4 billion global
Fintech leader, is a leading provider of investor communications
and technology-driven solutions to banks, broker-dealers, asset and
wealth managers and corporate issuers. Broadridge's infrastructure
underpins proxy voting services for over 50 percent of public
companies and mutual funds globally, and processes on average more
than U.S.$7 trillion in fixed income
and equity securities trades per day. Broadridge is part of the
S&P 500® Index and employs over 11,000 full-time associates in
18 countries.
Forward-Looking Statements
This 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,
2019 (the "2019 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 2019 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;
- a material security breach or cybersecurity attack affecting
the information of Broadridge's clients;
- changes in laws and regulations affecting Broadridge's clients
or the services provided by Broadridge;
- declines in participation and activity in the securities
markets;
- the failure of Broadridge's key service providers 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 the 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:
|
Media:
|
Edings
Thibault
|
Linda
Namias
|
Head of Investor
Relations
|
Sr. Director,
Corporate Communications
|
(516)
472-5129
|
(631)
254-7711
|
broadridgeir@broadridge.com
|
linda.namias@broadridge.com
|
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SOURCE Broadridge Financial Solutions, Inc.