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LPL Financial Holdings Unit Prices $400 Million Senior Notes Offering

05/11/2021 02:06

05:51 AM EDT, 05/11/2021 (MT Newswires) -- LPL Financial Holdings (LPLA) on Tuesday said its LPL Holdings unit priced an offering of $400 million in aggregate senior notes due 2031.

The firm plans to issue the 4.375% notes on May 18.

LPL Holdings intends to use the net proceeds to repay borrowings on its revolving credit facility related to its acquisition of Waddell & Reed Financial and to cover expenses related to the offering.

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