FRANKLIN RESOURCES INC (BEN) Form 424B5 — Aug 7, 2026
Franklin Resources, Inc. is offering $750,000,000 aggregate principal amount of 5.500% senior unsecured notes due August 10, 2036, priced at 99.137% of par for estimated net proceeds of approximately $737.1 million after a 0.650% underwriting discount. The company intends to use the proceeds to repay approximately $700 million of outstanding revolving borrowings under its Second Amended and Restated Credit Agreement (without any permanent reduction in the commitments) and for general corporate purposes, effectively terming out short-term borrowings into 10-year fixed-rate debt.
Key figures
- Debt Amount
- 750000000
- Total Assets
- 36243000000
- Interest Rate
- 5.5
- Maturity Date
- August 10, 2036
- Gross Proceeds
- 743527500
- Shares Outstanding
- 507507250
- Aum
- approximately $1.8 trillion as of June 30, 2026 (ending AUM $1,791.6 billion)
- Net Proceeds
- approximately $737.1 million
- Par Call Date
- May 10, 2036 (Treasury Rate plus 15 basis points make-whole)
- Settlement Date
- on or about August 10, 2026
- Debt Composition
- $1,689.6 million ranks equally with the notes; $712.3 million is subsidiary indebtedness
- Revenue Nine Months
- $6,980.4 million for the nine months ended June 30, 2026 vs. $6,427.0 million prior year
- Net Income Nine Months
- $695.2 million attributable to Franklin Resources for the nine months ended June 30, 2026
- Public Offering Price
- 99.137% of principal ($743,527,500 total)
- Diluted Eps Nine Months
- $1.26 vs. $0.70 prior-year period
- Interest Payment Dates
- February 10 and August 10 semi-annually, commencing February 10, 2027
- Underwriting Discount
- 0.650% ($4,875,000)
- Proceeds Before Expenses
- 98.487% ($738,652,500)
- Estimated Offering Expenses
- approximately $1.6 million
- Use Of Proceeds Revolver Repayment
- approximately $700 million under the Second Amended and Restated Credit Agreement (without permanent reduction in commitments); revolver maturity July 30, 2031
Price after filing
Close on the filing date to close N calendar days later (from $34.92). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.