
Franklin Resources, Inc. (&#34;Franklin Templeton&#34;) (NYSE:BEN) today announced the pricing of its underwritten public offering of $750 million aggregate principal amount of its 5.500% Notes due 2036 (the

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Franklin Resources, Inc. ("Franklin Templeton") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BEN">BEN</a>) today announced the pricing of its underwritten public offering of $750 million aggregate principal amount of its 5.500% Notes due 2036 (the "Notes") at an issue price of 99.137%. The offering is expected to close on August 10, 2026, subject to customary closing conditions. BofA Securities, Inc., HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC are acting as bookrunners and representatives of the several underwriters for the offering. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and RBC Capital Markets, LLC are also acting as bookrunners and Barclays Capital Inc., Goldman Sachs &amp; Co. LLC, Morgan Stanley &amp; Co. LLC, BNY Mellon Capital Markets, LLC, Independence Point Securities LLC and M&amp;T Securities, Inc. are acting as co-managers for the offering.

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The offering is being made pursuant to an effective registration statement filed by Franklin Resources, Inc. with the Securities and Exchange Commission on February 5, 2025.

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Franklin Templeton intends to use the net proceeds of this offering to repay approximately $700 million of outstanding revolving borrowings under its Amended and Restated Credit Agreement (without any permanent reduction in the commitments provided thereunder) and for general corporate purposes.

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The offering of the Notes may be made only by means of a prospectus supplement and accompanying base prospectus related to the offering, copies of which may be obtained by calling BofA Securities, Inc. at 1-800-294-1322, HSBC Securities (USA) Inc. at 1-866-811-8049 or Wells Fargo Securities, LLC at 1-800-645-3751. Electronic copies of these documents may be obtained free of charge on the website of the Securities and Exchange Commission at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54584676&amp;newsitemid=20260805860162&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=8a0d2f2fedc701863db7b00f43402873" shape="rect">www.sec.gov</a>.

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This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

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<b xmlns="http://www.w3.org/1999/xhtml">About Franklin Templeton</b>

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Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity. With approximately $1.8 trillion in assets under management as of June 30, 2026, Franklin Templeton operates globally in more than 30 countries.

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Franklin Resources, Inc. NYSE: BEN

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<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Some of the statements herein may include forward-looking statements that reflect our current views with respect to future events, financial performance and market conditions. Such statements are provided under the "safe harbor" protection of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and generally can be identified by words or phrases written in the future tense and/or preceded by words such as "anticipate," "believe," "could," "depends," "estimate," "expect," "intend," "likely," "may," "plan," "potential," "seek," "should," "will," "would," or other similar words or variations thereof, or the negative thereof, but these terms are not the exclusive means of identifying such statements.

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Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors that may cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements, including market and volatility risks, investment performance and reputational risks, global operational risks, competition and distribution risks, third-party risks, technology and security risks, human capital risks, cash management risks, and legal and regulatory risks. While forward-looking statements are our best prediction at the time that they are made, you should not rely on them and are cautioned against doing so. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other possible future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. They are neither statements of historical fact nor guarantees or assurances of future performance. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them.

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These and other risks, uncertainties and other important factors are described in more detail in our recent filings with the U.S. Securities and Exchange Commission, including, without limitation, in Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and our subsequent Quarterly Reports on Form 10-Q. If a circumstance occurs after the date of this press release that causes any of our forward-looking statements to be inaccurate, whether as a result of new information, future developments or otherwise, we undertake no obligation to announce publicly the change to our expectations, or to make any revision to our forward-looking statements, to reflect any change in assumptions, beliefs or expectations, or any change in events, conditions or circumstances upon which any forward-looking statement is based, unless required by law.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260805860162r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260805860162/en/" rel="nofollow">https://www.businesswire.com/news/home/20260805860162/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Franklin Resources, Inc.
<br xmlns="http://www.w3.org/1999/xhtml"></br>
<b xmlns="http://www.w3.org/1999/xhtml"><br xmlns="http://www.w3.org/1999/xhtml"></br>Investor Relations:
<br xmlns="http://www.w3.org/1999/xhtml"></br></b>Selene Oh
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:selene.oh@franklintempleton.com" shape="rect">selene.oh@franklintempleton.com </a>

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<b xmlns="http://www.w3.org/1999/xhtml">Media Relations: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Jeaneen Terrio
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:jeaneen.terrio@franklintempleton.com" shape="rect">jeaneen.terrio@franklintempleton.com</a>

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Franklin Resources, Inc. Announces Pricing of Notes Offering

Franklin Templeton prices $750M notes to repay revolver borrowings, Aug 2026 close

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Franklin Resources, Inc. (&amp;#34;Franklin Templeton&amp;#34;) (NYSE:BEN) today announced the pricing of its underwritten public offering of $750 million aggregate principal amount of its 5.500% Notes due 2036 (the</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Franklin Templeton priced a $750 million note offering of 5.50% debt due 2036 at 99.137% of par, with closing expected on August 10, 2026. Net proceeds will repay roughly $700 million of revolving borrowings and fund general corporate purposes. The deal tightens near-term liquidity management while adding long-term debt, likely modestly impacting leverage metrics without altering AUM or guidance in the near term.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Franklin Templeton prices $750 million 5.500% notes due 2036 at 99.137%.</li><li>Notes close date is expected August 10, 2026, subject to conditions.</li><li>Net proceeds repay about $700 million of revolving borrowings; rest for general corporate purposes.</li><li>Underwriters include BofA Securities, HSBC, Wells Fargo; co-managers also named.</li><li>Registration statement for the offering filed February 5, 2025.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Franklin Templeton (BEN)</strong>: Issuer of the notes; debt refinancing may influence leverage and liquidity metrics.</li><li><strong>Bank of America Corporation (BAC)</strong>: Lead bookrunner for the offering; potential near-term revenue to BAC from underwriting.</li><li><strong>JPMorgan Chase &amp; Co. (JPM)</strong>: Bookrunner for the offering; active in large debt syndicates, signaling demand.</li><li><strong>Citigroup Inc. (C)</strong>: Bookrunner; part of the underwriting syndicate; potential indirect signaling of market appetite.</li><li><strong>Morgan Stanley (MS)</strong>: Co-manager for the offering; part of the syndicate feeding deal execution.</li><li><strong>Goldman Sachs Group, Inc. (GS)</strong>: Co-manager; contributes to credibility and demand for the debt issue.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article describes a corporate debt offering and balance-sheet actions by Franklin Templeton, affecting capital structure and liquidity metrics rather than operations or earnings in the near term.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Debt refinancing signals balance-sheet optimization; could influence leverage and liquidity metrics.</li><li>No immediate impact on AUM or earnings guidance; focus on capital structure.</li><li>Close date of Aug 10, 2026 may trigger a delayed price reaction around the offering.</li><li>Underwriters include major banks, signaling credible debt demand for Franklin Templeton.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Aggregate principal: $750 million.</li><li>Coupon: 5.500%.</li><li>Maturity: 2036.</li><li>Issue price: 99.137%.</li><li>Use of proceeds: repay about $700 million revolver borrowings; general corporate purposes.</li><li>Registration statement filed: February 5, 2025.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral near-term for BEN; refinancing improves liquidity but adds longer-term debt, with limited immediate earnings impact.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Franklin Resources, Inc. ("Franklin Templeton") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BEN">BEN</a>) today announced the pricing of its underwritten public offering of $750 million aggregate principal amount of its 5.500% Notes due 2036 (the "Notes") at an issue price of 99.137%. The offering is expected to close on August 10, 2026, subject to customary closing conditions. BofA Securities, Inc., HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC are acting as bookrunners and representatives of the several underwriters for the offering. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and RBC Capital Markets, LLC are also acting as bookrunners and Barclays Capital Inc., Goldman Sachs &amp; Co. LLC, Morgan Stanley &amp; Co. LLC, BNY Mellon Capital Markets, LLC, Independence Point Securities LLC and M&amp;T Securities, Inc. are acting as co-managers for the offering.

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The offering is being made pursuant to an effective registration statement filed by Franklin Resources, Inc. with the Securities and Exchange Commission on February 5, 2025.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Franklin Templeton intends to use the net proceeds of this offering to repay approximately $700 million of outstanding revolving borrowings under its Amended and Restated Credit Agreement (without any permanent reduction in the commitments provided thereunder) and for general corporate purposes.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The offering of the Notes may be made only by means of a prospectus supplement and accompanying base prospectus related to the offering, copies of which may be obtained by calling BofA Securities, Inc. at 1-800-294-1322, HSBC Securities (USA) Inc. at 1-866-811-8049 or Wells Fargo Securities, LLC at 1-800-645-3751. Electronic copies of these documents may be obtained free of charge on the website of the Securities and Exchange Commission at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54584676&amp;newsitemid=20260805860162&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=8a0d2f2fedc701863db7b00f43402873" shape="rect">www.sec.gov</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Franklin Templeton</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity. With approximately $1.8 trillion in assets under management as of June 30, 2026, Franklin Templeton operates globally in more than 30 countries.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Franklin Resources, Inc. NYSE: BEN

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Some of the statements herein may include forward-looking statements that reflect our current views with respect to future events, financial performance and market conditions. Such statements are provided under the "safe harbor" protection of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and generally can be identified by words or phrases written in the future tense and/or preceded by words such as "anticipate," "believe," "could," "depends," "estimate," "expect," "intend," "likely," "may," "plan," "potential," "seek," "should," "will," "would," or other similar words or variations thereof, or the negative thereof, but these terms are not the exclusive means of identifying such statements.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors that may cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements, including market and volatility risks, investment performance and reputational risks, global operational risks, competition and distribution risks, third-party risks, technology and security risks, human capital risks, cash management risks, and legal and regulatory risks. While forward-looking statements are our best prediction at the time that they are made, you should not rely on them and are cautioned against doing so. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other possible future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. They are neither statements of historical fact nor guarantees or assurances of future performance. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them.

</p><p xmlns="http://www.w3.org/1999/xhtml">
These and other risks, uncertainties and other important factors are described in more detail in our recent filings with the U.S. Securities and Exchange Commission, including, without limitation, in Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and our subsequent Quarterly Reports on Form 10-Q. If a circumstance occurs after the date of this press release that causes any of our forward-looking statements to be inaccurate, whether as a result of new information, future developments or otherwise, we undertake no obligation to announce publicly the change to our expectations, or to make any revision to our forward-looking statements, to reflect any change in assumptions, beliefs or expectations, or any change in events, conditions or circumstances upon which any forward-looking statement is based, unless required by law.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260805860162r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260805860162/en/" rel="nofollow">https://www.businesswire.com/news/home/20260805860162/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Franklin Resources, Inc.
<br xmlns="http://www.w3.org/1999/xhtml"></br>
<b xmlns="http://www.w3.org/1999/xhtml"><br xmlns="http://www.w3.org/1999/xhtml"></br>Investor Relations:
<br xmlns="http://www.w3.org/1999/xhtml"></br></b>Selene Oh
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:selene.oh@franklintempleton.com" shape="rect">selene.oh@franklintempleton.com </a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Media Relations: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Jeaneen Terrio
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:jeaneen.terrio@franklintempleton.com" shape="rect">jeaneen.terrio@franklintempleton.com</a>

</p>

Franklin Templeton priced a $750 million note offering of 5.50% debt due 2036 at 99.137% of par, with closing expected on August 10, 2026. Net proceeds will repay roughly $700 million of revolving borrowings and fund general corporate purposes. The deal tightens near-term liquidity management while adding long-term debt, likely modestly impacting leverage metrics without altering AUM or guidance in the near term.

News insight

Franklin Resources, Inc. Announces Pricing of Notes Offering

AI summary

Sentiment rationale

Key facts

Corporate Developments