M
ME NEWS
04 Apr 2025, 07:31
LPL Financial Holdings Completes $1.5 Billion Senior Notes Offering to Finance Commonwealth Acquisition
SAN DIEGO, CA – April 3, 2025 – LPL Financial Holdings Inc. today announced that its wholly owned subsidiary, LPL Holdings, Inc., has completed the issuance and sale of $1.5 billion aggregate principal amount of senior notes, comprising:
$500 million of 4.900% Senior Notes due 2028
$500 million of 5.150% Senior Notes due 2030
$500 million of 5.750% Senior Notes due 2035
The senior notes are unsecured obligations fully and unconditionally guaranteed by LPL Financial Holdings Inc. The offering was executed under the Company’s shelf registration statement and was completed pursuant to supplemental indentures filed with the SEC.
Net proceeds from the offering, along with proceeds from a recent equity offering, available cash, and additional borrowings under the Company’s revolving credit facility, will be used primarily to finance the acquisition of Commonwealth Financial Network (“Commonwealth”). Any remaining funds may be used for general corporate purposes.
The new notes bear interest payable semi-annually and include optional redemption features, with detailed redemption terms outlined in the indentures. The offering supports LPL’s strategy to expand its platform through strategic acquisitions and enhance financial flexibility.
SAN DIEGO, CA – April 3, 2025 – LPL Financial Holdings Inc. today announced that its wholly owned subsidiary, LPL Holdings, Inc., has completed the issuance and sale of $1.5 billion aggregate principal amount of senior notes, comprising:
$500 million of 4.900% Senior Notes due 2028
$500 million of 5.150% Senior Notes due 2030
$500 million of 5.750% Senior Notes due 2035
The senior notes are unsecured obligations fully and unconditionally guaranteed by LPL Financial Holdings Inc. The offering was executed under the Company’s shelf registration statement and was completed pursuant to supplemental indentures filed with the SEC.
Net proceeds from the offering, along with proceeds from a recent equity offering, available cash, and additional borrowings under the Company’s revolving credit facility, will be used primarily to finance the acquisition of Commonwealth Financial Network (“Commonwealth”). Any remaining funds may be used for general corporate purposes.
The new notes bear interest payable semi-annually and include optional redemption features, with detailed redemption terms outlined in the indentures. The offering supports LPL’s strategy to expand its platform through strategic acquisitions and enhance financial flexibility.