Broadridge Financial Solutions announced the pricing of a $500 million aggregate principal amount of 5.750% senior notes due 2036. The notes were offered under a registration statement filed with the Securities and Exchange Commission and were underwritten by J.P. Morgan Securities, BofA Securities, Morgan Stanley, and Wells Fargo Securities.
The company will use the net proceeds, together with cash on hand, to retire its outstanding 3.400% senior notes due 2026. By replacing short‑term debt with a longer‑dated instrument, Broadridge reduces near‑term refinancing risk and extends its debt maturity profile, providing a more predictable capital‑structure outlook.
Broadridge’s decision to refinance at a higher coupon reflects its strategy to support growth initiatives in tokenization and platform expansion. The firm has recently completed the acquisition of CQG, a provider of futures and options trading technology, and has been expanding its Distributed Ledger Repo platform, which processes billions in daily tokenized asset volumes. The new notes give the company the financial flexibility to invest in these areas while maintaining a strong balance sheet, as evidenced by Fitch’s BBB+ rating with a stable outlook.
The issuance aligns with Broadridge’s broader capital‑structure management approach. Although the 5.750% coupon is higher than the 3.400% notes being retired, the longer maturity reduces the frequency of future refinancing and supports the company’s long‑term growth strategy. The transaction is expected to be approximately leverage neutral, with the company’s EBITDA leverage at 1.7× as of March 31, 2026, well below its 2.5× target.
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