Contact Information: Contact: Investor Relations: Marvin Sims Broadridge (212) 981-1427 Email Contact
Broadridge Financial Solutions, Inc. Announces Pricing of Senior Debt Offering
| Source: Broadridge Financial Solutions, Inc.
JERSEY CITY, NJ -- (MARKET WIRE) -- May 23, 2007 -- Broadridge Financial Solutions, Inc. (NYSE : BR ) today announced that it has priced today an underwritten public
offering of $250 million aggregate principal amount of its Senior Notes due
2017. The notes will bear interest at an annual rate of 6.125%.
Broadridge intends to use the net proceeds from the issuance of the Senior
Notes, together with cash on hand, to repay borrowings under its interim
revolving credit facility.
Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. are joint
book-running managers. Full details of the offering, including a
description of the notes, are contained in a prospectus supplement and
accompanying prospectus, which can be obtained from Citigroup Global
Markets Inc. at 877-858-5407 or J.P. Morgan Securities Inc. collect at
212-834-4533. The prospectus supplement and accompanying prospectus also
will be filed with the Securities and Exchange Commission and will be
available on the SEC's website at http://www.sec.gov.
This press release does not constitute an offer to sell or the solicitation
of an offer to buy any security and shall not constitute an offer,
solicitation or sale of any security in any jurisdiction in which such
offering, solicitation or sale would be unlawful.
About Broadridge
Broadridge is a leading global provider of technology-based outsourcing
solutions to the financial services industry. Our integrated systems and
services include investor communication, securities processing, and
clearing and outsourcing solutions. Broadridge offers a broad, integrated
suite of innovative global solutions across the investment lifecycle and
provides a wide range of cost-effective and scalable solutions to the
financial industry. Our systems help reduce the need for clients to make
significant capital investments in operations infrastructure, thereby
allowing them to increase their focus on core business activities. For
more information about Broadridge, please visit www.broadridge.com.
Forward-Looking Statements
The prospectus and prospectus supplement relating to the offering contain,
and oral statements made from time to time by representatives of Broadridge
may contain, "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Statements that are not
historical in nature and which may be identified by the use of words such
as "believe," "expect," "anticipate," "optimistic," "intend," "plan,"
"aim," "will," "may," "should," "could," "would," "likely" and other words
of similar meaning are forward-looking statements. These statements are
based on management's expectations and assumptions and are subject to risks
and uncertainties that may cause actual results to differ materially from
those expressed. Factors that could cause actual results to differ
materially from those contemplated by the forward-looking statements are
described in the prospectus and prospectus supplement relating to the
offering and in Broadridge's other SEC filings. Broadridge disclaims any
obligation to update any forward-looking statements, whether as a result of
new information, future events or otherwise.