Broadridge Financial Solutions Inc. secured a $1.5 billion senior unsecured revolving facility.
The revolving facility is comprised of a $1.1 billion tranche in U.S. dollars and a multicurrency tranche worth $400.0 million. It has a five-year term and allows up to $500.0 million of additional commitments.
Interest under the revolving facility will initially be equal to the London interbank offered rate plus 1.015% per year.
The amended revolving facility replaces the company's existing facility entered into Feb. 6, 2017, which had $280.0 million of outstanding revolving loans as of March 18.
JPMorgan Chase Bank NA was the administrative agent for the facility.