By Wendy Van Sickle
Columbus, Ohio, March 17 – Federated Hermes, Inc. entered into a note purchase agreement to place $350 million of 3.269% 10-year senior notes with some institutional investors on Thursday, according to an 8-K filing with the Securities and Exchange Commission.
Federated Hermes may elect to prepay the notes under some limited circumstances, including with a make-whole amount if mandatorily prepaid without the consent of the holders. The maturity date is March 17, 2032.
Citigroup Global Markets Inc. and PNC Capital Markets LLC acted as lead placement agents.
Federated Hermes is an investment manager based in Pittsburgh.
| Issuer: | Federated Hermes
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| Issue: | Senior notes
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| Amount: | $350 million
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| Maturity date: | March 17, 2032
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| Coupon: | 3.269%
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| Placement agents: | Citigroup Global Markets Inc. and PNC Capital Markets LLC
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| Call option: | Make-whole call under limited circumstances
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| Settlement date: | March 17
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| Distribution: | Private placement
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