Franklin Resources, Inc. has priced an underwritten public offering of $750 million aggregate principal amount of its 5.500% Notes due 2036 at an issue price of 99.137%. The offering is expected to close on August 10, 2026, subject to customary closing conditions. BofA Securities, Inc., HSBC Securities (USA) Inc., and Wells Fargo Securities, LLC are acting as bookrunners and representatives of the underwriters, with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, and RBC Capital Markets, LLC also serving as bookrunners, and Barclays Capital Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, BNY Mellon Capital Markets, LLC, Independence Point Securities LLC, and M&T Securities, Inc. acting as co-managers. Franklin Templeton intends to use the net proceeds to repay approximately $700 million of outstanding revolving borrowings under its Amended and Restated Credit Agreement, without any permanent reduction in commitments, and for general corporate purposes.
Franklin Resources IncPricing $750M notes at 99.137% with 5.5% coupon; proceeds used to repay debt, increasing leverage.
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