An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
BrightSphere Announces Completion of Redemption of 5.125% Senior Notes due August 2031
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
BrightSphere Investment Group Inc. (NYSE: BSIG) has successfully completed the full redemption of its 5.125% Senior Notes due August 1, 2031, totaling $125 million.
The redemption price was $1,011.53 per $1,000 principal, equating to a total interest payment of approximately $1.4 million. This move indicates BrightSphere's commitment to managing its financial obligations effectively, potentially enhancing its investment profile.
Positive
Completed full redemption of $125 million Senior Notes, improving debt profile.
Total interest paid upon redemption was approximately $1.4 million.
Negative
None.
BOSTON--(BUSINESS WIRE)--
BrightSphere Investment Group Inc. (NYSE: BSIG) today announced the completion of the previously announced full redemption of all $125 million aggregate principal amount outstanding of its 5.125% Senior Notes due August 1, 2031 (CUSIP: 10948W202) (the “2031 Notes”).
The redemption price for the 2031 Notes was $1,011.53 per $1,000.00 of principal amount of the 2031 Notes, which is equal to 100% of the principal amount, plus accrued and unpaid interest on the principal amount being redeemed up to, but excluding, the date of redemption. The aggregate interest paid upon redemption was approximately $1.4 million.
About BrightSphere
BrightSphere is a global asset management company with one operating subsidiary, Acadian Asset Management, with approximately $114 billion of assets under management as of September 30, 2021. Through Acadian, BrightSphere offers institutional investors across the globe access to a wide array of leading quantitative and solutions-based strategies designed to meet a range of risk and return objectives. For more information, please visit BrightSphere’s website at www.bsig.com. Information that may be important to investors will be routinely posted on our website.
