Broadridge Financial Solutions Inc., which provides outsourcing services to financial services companies, said Wednesday it priced a $250 million public offering of senior notes.
The 10-year notes will bear interest at an annual rate of 6.125 percent.
Broadridge intends to use net proceeds from the offering and 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.
Shares of Broadridge ended down 4 cents at $20.35.
