Broadridge prices $500M senior notes at 5.75% to refinance 2026 debt

Broadridge Financial Solutions has priced $500 million of 5.75% senior notes due 2036 to refinance its outstanding 3.4% senior notes maturing in 2026. The company plans to use the proceeds along with cash on hand to repay the older debt, potentially lowering interest costs. Major banks including J.P. Morgan and Morgan Stanley are managing the offering. This move supports Broadridge's financial strategy to manage debt maturity and maintain operational stability.