LPL Financial to launch $1.08 billion term loan B on Thursday

By Sara Rosenberg

New York, May 1 - LPL Financial LLC will host a call on Thursday to launch a $1,084,000,000 term loan B due March 2019, according to a market source.

BofA Merrill Lynch, Morgan Stanley Senior Funding Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. and J.P. Morgan Securities LLC are the lead banks on the deal.

The term loan B has 101 soft call protection for six months, the source said.

Proceeds will be used to refinance term loan A and term loan B debt.

LPL Financial is a broker-dealer, an RIA custodian and a consultant to retirement plans with offices in Boston, Charlotte, N.C., and San Diego.

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