Broadridge secures $1.3Bn credit facility
NEW YORK, UNITED STATES — Broadridge Financial Solutions, a global fintech leader, has entered a new $1.3 billion credit facility.
Broadridge provides investor communications, business process outsourcing, and technology solutions for broker-dealers, banks, mutual funds, and corporate issuers. The company operates in 11 countries across North America, Europe, Asia, and Australia, generating over $6 billion in revenue annually.
The new credit facility will allow Broadridge to repay outstanding debts and provide additional liquidity.
The credit agreement extends the maturity date to 2028 and improves terms and conditions, according to filings with the SEC. This facility further strengthens Broadridge’s balance sheet and financial position.
JPMorgan Chase Bank led the lending group on the new facility. Broadridge’s previous $850 million revolving credit facility was set to mature in February 2024 prospects.
