Franklin Resources’ $450 Million Offering

Cleary Gottlieb represented BofA Securities Inc., Citigroup Global Markets Inc., and HSBC Securities (USA) Inc., as representatives of the underwriters, in a $350 million registered offering by Franklin Resources Inc. (Franklin Resources) of its 2.95% notes due 2051 and an additional $100 million registered offering of its 1.6% notes due 2030.

The investment-grade senior notes offering launched and priced on August 5, 2021, and is expected to close on August 12, 2021.

Franklin Resources is a global investment management organization operating through its subsidiaries, including the various Franklin Templeton subsidiaries and Legg Mason, which was acquired in July 2020. With clients in over 165 countries, its mission is to help clients achieve better outcomes through investment management expertise, wealth management, and technology solutions. The California-based company has offices in over 30 countries and 1,300 investment professionals, and has more than 70 years of investment experience and approximately $1.5 trillion in assets under management as of June 31, 2021.