NEW YORK, May 6, 2021 /PRNewswire/ -- Broadridge
Financial Solutions, Inc. (NYSE:BR) ("Broadridge") today
announced that it has priced $1.0
billion aggregate principal amount of 2.600% senior notes
due 2031 (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 a portion of the outstanding
indebtedness under its term credit agreement providing for term
loan commitments in an aggregate principal amount of $2.55 billion ("Term Credit Agreement") and for
general corporate purposes.
J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan
Stanley & Co. LLC, Wells Fargo Securities, LLC, BNP Paribas
Securities Corp., TD Securities (USA) LLC., Truist Securities, Inc. 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 any Notes, 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 (NYSE:
BR), a global Fintech leader with over $4.5
billion in revenues, provides the critical infrastructure
that powers investing, corporate governance and communications to
enable better financial lives. We deliver technology-driven
solutions to banks, broker-dealers, asset and wealth managers and
public companies. Broadridge's infrastructure serves as a global
communications hub enabling corporate governance by linking
thousands of public companies and mutual funds to tens of millions
of individual and institutional investors around the world. In
addition, Broadridge's technology and operations platforms underpin
the daily trading of on average more than U.S. $10 trillion of equities, fixed income and other
securities globally. A certified Great Place to Work®, Broadridge
is a part of the S&P 500® Index, employing over 12,000
associates in 17 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,
2020 (the "2020 Annual Report"), as they may be updated in
any subsequent filings with the Securities and Exchange Commission
including, without limitation, Broadridge's Quarterly Report on
Form 10-Q for the quarter ended March 31,
2020 (filed on May 4, 2021).
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 2020 Annual Report and
any such subsequent filings.
Factors that could cause actual results to differ materially
from those contemplated by the forward-looking statements
include:
- the potential impact and effects of the COVID -19 pandemic
("COVID -19") on the business of Broadridge, Broadridge's results
of operations and financial performance, any measures Broadridge
has and may take in response to COVID -19 and any expectations
Broadridge may have with respect thereto;
- 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
|
Corporate
Communications
|
(516)
472-5129
|
(631)
254-7711
|
broadridgeir@broadridge.com
|
linda.namias@broadridge.com
|
View original content to download
multimedia:http://www.prnewswire.com/news-releases/broadridge-announces-pricing-of-1-0-billion-senior-notes-301286170.html
SOURCE Broadridge Financial Solutions, Inc.