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LPL Financial announces pricing of senior notes offering

LPL Financial Holdings Inc. announced the pricing of its offering of $500 million of senior notes to be issued by its unit LPL Holdings Inc.

The notes are being offered as part of the leverage-neutral refinancing of LPL Holdings' capital structure.

LPL Holdings intends to use the net proceeds from the offering, together with a new term B loan and cash from its balance sheet, to repay its existing senior secured credit facilities and to pay accrued interest and related fees and expens

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