LPL Financial Holdings Inc. Enters Material Definitive Agreement
Ticker: LPLA · Form: 8-K · Filed: May 20, 2024 · CIK: 1397911
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: LPLA
TL;DR
LPL Financial just signed a big deal, creating a new financial obligation. Keep an eye on this.
AI Summary
On May 20, 2024, LPL Financial Holdings Inc. entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.
Why It Matters
This filing signals a significant new financial commitment or obligation for LPL Financial, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into new material definitive agreements and financial obligations can introduce new risks related to performance, integration, and financial stability.
Key Players & Entities
- LPL Financial Holdings Inc. (company) — Registrant
- May 20, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by LPL Financial Holdings Inc.?
The filing indicates the entry into a material definitive agreement but does not specify its nature in the provided text.
What type of financial obligation has LPL Financial Holdings Inc. created?
The filing states the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics are not detailed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 20, 2024.
What is the principal executive office address for LPL Financial Holdings Inc.?
The principal executive office is located at 4707 Executive Drive, San Diego, California 92121.
What is the Commission File Number for LPL Financial Holdings Inc.?
The Commission File Number for LPL Financial Holdings Inc. is 001-34963.
Filing Stats: 1,672 words · 7 min read · ~6 pages · Grade level 10.5 · Accepted 2024-05-20 16:31:02
Key Financial Figures
- $0.001 — ch registered Common Stock - par value $0.001 per share LPLA The Nasdaq Global Se
- $500 million — r"), completed the issuance and sale of $500 million aggregate principal amount of 5.700% Se
- $2 billion — e of the revolving credit facility from $2 billion to $2.25 billion and (ii) extend the ma
- $2.25 billion — ving credit facility from $2 billion to $2.25 billion and (ii) extend the maturity of the rev
Filing Documents
- d827868d8k.htm (8-K) — 37KB
- d827868dex42.htm (EX-4.2) — 85KB
- d827868dex43.htm (EX-4.3) — 76KB
- d827868dex51.htm (EX-5.1) — 9KB
- d827868dex101.htm (EX-10.1) — 1290KB
- g827868g0518104455035.jpg (GRAPHIC) — 2KB
- 0001193125-24-142885.txt ( ) — 1964KB
- lpla-20240520.xsd (EX-101.SCH) — 3KB
- lpla-20240520_lab.xml (EX-101.LAB) — 17KB
- lpla-20240520_pre.xml (EX-101.PRE) — 11KB
- d827868d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 4.1 Indenture, dated November 17, 2023, among LPL Holdings, Inc., LPL Financial Holdings Inc., as the Guarantor, and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.1 to the Guarantor's Current Report on Form 8-K filed on November 17, 2023) 4.2 Second Supplemental Indenture, dated May 20, 2024, among LPL Holdings, Inc., LPL Financial Holdings Inc., as the Guarantor, and U.S. Bank Trust Company, National Association, as trustee 4.3 Third Supplemental Indenture, dated May 20, 2024, among LPL Holdings, Inc., LPL Financial Holdings Inc., as the Guarantor, and U.S. Bank Trust Company, National Association, as trustee 4.4 Form of 5.700% Senior Note due 2027 (included as Exhibit A to the Second Supplemental Indenture) 4.5 Form of 6.000% Senior Note due 2034 (included as Exhibit A to the Third Supplemental Indenture) 5.1 Opinion of Ropes & Gray LLP 10.1 Eighth Amendment, dated May 20, 2024, among the Company, the Guarantor, certain subsidiaries of the Company party thereto as guarantors, JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders and parties party thereto 23.1 Consent of Ropes & Gray LLP (included as part of Exhibit 5.1 hereto) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LPL FINANCIAL HOLDINGS INC. By: /s/ Gregory M. Woods Name: Gregory M. Woods Title: Secretary Dated: May 20, 2024