Franklin Resources, Inc. Announces Pricing of $750 Million Notes Offering

October 21, 2020

Willkie represented Franklin Resources, a global investment management organization operating as Franklin Templeton, in its public offering of 1.600% Notes due 2030.

On October 14, Willkie client Franklin Resources, Inc., a global investment management organization operating as Franklin Templeton, announced the pricing of its public offering of $750 million aggregate principal amount of its 1.600% Notes due 2030 at an issue price of 99.778% of principal amount. The offering closed on October 19. BofA Securities, Inc. and Citigroup Global Markets Inc. acted as joint book-running managers for the offering. The company intends to use the net proceeds from the offering for general corporate purposes.

Franklin Resources is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Based in California with offices in over 30 countries and 1,300 investment professionals, Franklin Templeton has more than 70 years of investment experience and approximately $1.4 trillion in assets under management as of September 30, 2020.

Earlier in the year, Willkie represented Franklin Templeton in its $4.5 billion acquisition of Legg Mason, creating a $1.5 trillion global investment manager.

The Willkie deal team on the current transaction was led by partners David Boston and Laura Acker and included associate Andrew Kim.