Broadridge Financial Solutions Enters Material Agreement

TL;DR

Broadridge just signed a big deal, filing an 8-K on Dec 11th.

AI Summary

On December 11, 2024, Broadridge Financial Solutions, Inc. entered into a material definitive agreement, likely a financing arrangement, as indicated by the filing of a Form 8-K. The company, headquartered in Lake Success, New York, is involved in business services.

Why It Matters

This filing signals a significant financial commitment or transaction for Broadridge Financial Solutions, which could impact its future operations and financial standing.

Risk Assessment

Risk Level: medium — Material definitive agreements can involve substantial financial obligations or strategic shifts that carry inherent risks.

Key Numbers

• 001-33220 — SEC File Number (Identifies the company's filing with the SEC.)
• 33-1151291 — I.R.S. Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• BROADRIDGE FINANCIAL SOLUTIONS, INC. (company) — Registrant
• December 11, 2024 (date) — Date of earliest event reported
• 5 Dakota Drive Lake Success New York 11042 (location) — Registrant's business address

FAQ

Key Financial Figures

• $0.01 — h Registered: Common Stock, par value $0.01 per share BR New York Stock Exchange
• $1.5 billion — ies in an aggregate principal amount of $1.5 billion. The revolving credit facilities are co
• $1.0 billion — ng credit facilities are comprised of a $1.0 billion US Dollar tranche and multicurrency tra
• $500.0 million — che and multicurrency tranches totaling $500.0 million. The Credit Agreement provides for a le

Filing Documents

• br-20241211.htm (8-K) — 36KB
• ex101creditagmt12-24.htm (EX-10.1) — 1058KB
• 0001383312-24-000062.txt ( ) — 1405KB
• br-20241211.xsd (EX-101.SCH) — 2KB
• br-20241211_lab.xml (EX-101.LAB) — 21KB
• br-20241211_pre.xml (EX-101.PRE) — 12KB
• br-20241211_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On December 11, 2024 (the "Effective Date"), Broadridge Financial Solutions, Inc. (the "Company") entered into an amended and restated credit agreement (the "Credit Agreement") among the Company, certain subsidiaries of the Company party thereto as subsidiary borrowers (together with the Company, the "Borrowers"), the Lenders party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent, providing for senior unsecured revolving credit facilities in an aggregate principal amount of $1.5 billion. The revolving credit facilities are comprised of a $1.0 billion US Dollar tranche and multicurrency tranches totaling $500.0 million. The Credit Agreement provides for a letter of credit facility and a swingline facility. The Credit Agreement has a five year term. The Credit Agreement also permits, subject to the satisfaction of certain conditions, the establishment of up to $500.0 million of additional revolving loan commitments from one or more of the existing lenders or, with the consent of the Administrative Agent, other lenders. The Credit Agreement also contains mechanics by which the Company may, with the consent of the Administrative Agent and the lenders providing the relevant commitments, add one or more additional subsidiary borrowers and one or more additional currencies under an existing tranche or under a new tranche. The Company may voluntarily prepay, in whole or in part and without premium or penalty, borrowings under the Credit Agreement at any time. The Credit Agreement contains affirmative and negative covenants that the Company believes are usual and customary for transactions of this type. The negative covenants include, among other things, limitations on liens, subsidiary indebtedness, sale and leaseback transactions, fundamental changes, restrictive agreements, certain mergers, consolidations and transfers of all or substantially all of the Company's consolidated assets and transactions

03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained in and incorporated into Item 1.01 above is hereby incorporated into this Item 2.03 by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amended and Restated Credit Agreement, dated December 11, 2024, among Broadridge Financial Solutions, Inc., certain subsidiaries of Broadridge Financial Solutions, Inc. party thereto as subsidiary borrowers, the Lenders and Issuing Banks party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 11, 2024 BROADRIDGE FINANCIAL SOLUTIONS, INC. By: /s/ Ashima Ghei Ashima Ghei Corporate Vice President and Interim Chief Financial Officer