trending Market Intelligence /marketintelligence/en/news-insights/trending/qDhVUJJk7rCrQo08irCpng2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Eaton Vance prices senior note offering

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Blog

Banking Essentials Newsletter: May Edition, Part-2


Eaton Vance prices senior note offering

Eaton Vance Corp. has priced a public offering of $300 million aggregate principal amount of 3.500% notes due April 6, 2027, at an issue price of 99.632% of the principal amount.

Eaton Vance expects to receive from the offering net proceeds of about $297 million, after the underwriting discount. The company will use the net proceeds to redeem all of the outstanding $250 million aggregate principal amount of its 6.50% senior notes due Oct. 2, and to pay accrued interest, fees and expenses associated with the redemption. The remaining net proceeds will be used for general corporate purposes, which may include working capital, capital expenditures, repurchases of nonvoting common stock, repayment of indebtedness and potential acquisitions.

The offering is expected to close April 6.

Merrill Lynch Pierce Fenner & Smith Inc., Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and Wells Fargo Securities LLC serve as joint book-running managers. Barclays Capital Inc. and Scotia Capital (USA) Inc. act as co-managers for the offering.