Franklin Resources in $600 Million Investment-Grade Notes Offering

September 24, 2012

Cleary Gottlieb represented Merrill Lynch, Pierce, Fenner & Smith and Morgan Stanley & Co. as representatives of the underwriters in a $600 million two-tranche registered offering by Franklin Resources of investment-grade notes. The offering of $300 million of 1.375% Notes due 2017 and $300 million of 2.800% Notes due 2022 launched and priced on September 19, and closed on September 24.

Franklin Resources is a global investment management organization operating as Franklin Templeton Investments. As of August 31, it had $731.0 billion in assets under management. Franklin Resources investment management and related services include fund administration, shareholder services, transfer agency, sales, distribution, custodial trustee and other fiduciary services and also provides select banking and consumer lending services. Franklin Resources has offices in over 30 countries and clients in more than 150.