JERSEY CITY, New Jersey -- 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 Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge’s investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 14 countries.
For more information about Broadridge, please visit www.broadridge.com.