Broadridge Closes $500M 5.75% Notes Offering to Refinance 2026 Debt
BRBR•
Broadridge closed a $500 million offering of 5.750% senior notes due 2036. Net proceeds and cash on hand will repay its 3.400% senior notes due 2026, extending debt maturity by a decade.
1. Offering Details
Broadridge issued $500 million of 5.750% senior notes due 2036 in a transaction that closed on May 15, 2026. The notes were managed by J.P. Morgan Securities, BofA Securities, Morgan Stanley and Wells Fargo as joint bookrunners.
2. Use of Proceeds and Financial Impact
The company will use net proceeds and cash on hand to retire its 3.400% senior notes maturing in 2026, extending average debt maturity by ten years. This refinancing will increase annual interest expense but provides longer-term funding stability.
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