WASHINGTON (dpa-AFX) - Legg Mason, Inc. (LM) announced Wednesday pricing of its $650 million of 5.5 percent senior notes due 2019. The offering is expected to settle on May 21, 2012.
The company intends to use the net proceeds from the offering, together with cash on hand and other borrowings, to repurchase $1.25 billion in aggregate principal amount of the Company's 2.5 percent contingent convertible senior notes due 2015.
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