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Broadridge Financial Solutions secures $1.5B revolving credit facility

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Broadridge Financial Solutions secures $1.5B revolving credit facility

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.