Franklin Resources Inc. (BEN) announced the pricing of its public offering of $300 million aggregate principal amount of its 1.375% Notes due 2017 at an issue price of 99.455% and $300 million aggregate principal amount of its 2.800% Notes due 2022 at an issue price of 99.750%.
The offering is expected to close on September 24, 2012. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.
The company said it intends to use the net proceeds from the proposed offering to redeem all of its outstanding 2.000% notes due May 20, 2013, to finance its acquisition of a majority stake in K2 Advisors Holdings LLC and the remainder for general corporate purposes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.