Franklin Resources completed its previously announced underwritten public offering of $750 million aggregate principal amount of 5.500% Unsecured Notes due 2036 on August 10, 2026. The company intends to use the net proceeds to repay approximately $700 million of outstanding revolving borrowings under its Second Amended and Restated Credit Agreement and for general corporate purposes. Interest is payable semi-annually in arrears on February 10 and August 10, commencing February 10, 2027, with maturity on August 10, 2036. The notes are unsecured and subordinated obligations issued under a base indenture dated October 6, 2020. Franklin Resources operates in the asset management industry, providing investment management and financial planning services.
