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BEN 424B5: Secondary offering

Filed with the SEC on · accession 0001552781-26-000413

BEN filed a 424B5 (prospectus (offering)) with the SEC on Aug 7, 2026. Franklin Resources, Inc. is offering $750,000,000 aggregate principal amount of 5.500% Notes due 2036 in an underwritten public offering. The stock moved -0.7% by the first close after the filing.

Summary of the filing

Franklin Resources, Inc. is offering $750,000,000 aggregate principal amount of 5.500% Notes due 2036 in an underwritten public offering. The notes are unsecured and unsubordinated obligations of the company.

For details, click here →How to read a 424B5 →

Key details

Aggregate principal amount of notes offered$750.0M
Public offering price (per note)$99
Total public offering price$743.5M
Underwriting discount$4.9M
Proceeds to Franklin Resources, Inc. (before expenses)$738.7M
IssuerFranklin Resources, Inc.
Joint book-running managerBofA Securities
Joint book-running managerHSBC
Joint book-running managerWells Fargo Securities
Joint book-running managerCitigroup
Joint book-running managerJ.P. Morgan
Joint book-running managerMizuho
Joint book-running managerRBC Capital Markets
Co-managerBarclays
Co-managerGoldman Sachs & Co. LLC
Co-managerMorgan Stanley
Co-managerBNY Capital Markets
Co-managerIndependence Point Securities
Co-managerM&T Securities

How BEN stock reacted

Close before

$34.00

Aug 6, 2026

First close after

-0.68%

$33.77

5 trading days

-0.41%

$33.86

Since filing

-3.74%

$32.73

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Frequently asked questions

What did BEN file with the SEC on Aug 7, 2026?

BEN filed a 424B5 (Secondary offering). Franklin Resources, Inc. is offering $750,000,000 aggregate principal amount of 5.500% Notes due 2036 in an underwritten public offering. The notes are unsecured and unsubordinated obligations of the company.

What does a secondary offering mean for BEN stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did BEN stock react to this filing?

BEN closed at $34.00 before the filing and $33.77 on Aug 7, 2026 (-0.68%). Five trading days later: $33.86 (-0.41%).

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