LPL Holdings Raises $1 Billion in Investment Grade Senior Notes Offering

In The News
June 3, 2024

Ropes & Gray represented LPL Holdings, Inc. in an investment grade bond offering totaling $1 billion completed on May 20. The company offered $500 million aggregate principal amount of 5.700% Senior Notes due 2027 and $500 million aggregate principal amount of 6.000% Senior Notes due 2034.

The company intends to use the net proceeds from the offerings for general corporate purposes and to finance the acquisition of Atria Wealth Solutions Inc.

LPL Financial is an independent financial broker-dealer serving nearly 23,000 financial advisors, including advisors at approximately 1,100 institutions and at approximately 570 registered investment advisor firms.

The team was led by capital markets partner Tom Fraser.