SOURCE: Broadridge Financial Solutions, Inc.

May 23, 2007 17:39 ET

Broadridge Financial Solutions, Inc. Announces Pricing of Senior Debt Offering

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.

Contact Information

  • Contact:
    Investor Relations:
    Marvin Sims
    Broadridge
    (212) 981-1427
    Email Contact