Broadridge closes $500 million senior notes offering

Broadridge Financial Solutions, Inc. (NYSE: BR) completed its offering of $500 million in 5.750% senior notes due 2036, the company announced. The financial technology firm plans to use the net proceeds from this offering, combined with existing cash, to repay its outstanding 3.400% senior notes due 2026.

J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, and Wells Fargo Securities, LLC served as joint book-running managers for the debt offering.

The notes were offered through an effective registration statement and prospectus filed with the Securities and Exchange Commission. Broadridge operates technology platforms that process over 7 billion communications annually and support daily trading of more than $15 trillion in securities globally, according to the company statement.

The offering represents a refinancing move as Broadridge replaces debt with a 2026 maturity date with longer-term notes maturing in 2036. The new notes carry a higher interest rate of 5.750% compared to the 3.400% rate on the debt being repaid.

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