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Eaton Vance Corp. Announces Proposed Offering Of Senior Notes





BOSTON, June 14, 2013 /PRNewswire/ -- Eaton Vance Corp. (NYSE: EV) announced today a proposed public offering of ten-year senior notes (the "Senior Notes").  The public offering will be made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission ("SEC"). Eaton Vance intends to use the proceeds from the proposed public offering to fund the purchase, pursuant to its separately announced tender offer, for up to $250 million in aggregate principal amount of its outstanding 6.50% Senior Notes due 2017 (the "tender notes"), if consummated. Any remaining proceeds will be used for general corporate purposes.  To the extent the proceeds are insufficient to fund the purchase price of the tender notes, Eaton Vance will use cash on hand to fund the remaining portion. 

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, and Citigroup Global Markets Inc. are acting as joint book-running managers and Barclays Capital Inc. is acting as co-manager for the offering. 

This press release does not constitute an offer to sell or an offer to purchase, or the solicitation of an offer to sell or an offer to purchase, or the solicitation of the Senior Notes or any other securities, nor shall there be any sale of securities mentioned in this press release in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The offering of Senior Notes may be made only by means of a prospectus and prospectus supplement. A copy of the prospectus and prospectus supplement relating to the Senior Notes can be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11 th Floor, New York, NY 10038, Attention: Prospectus Department (telephone: (866) 294-1322) or by emailing dg.prospectus_requests@baml.com; or Morgan Stanley & Co. LLC, 180 Varick Street, Second Floor, New York, NY 10014, Attention: Prospectus Department (telephone: (866) 718-1649) or by emailing prospectus@morganstanley.com.  

About Eaton Vance

Eaton Vance Corp. is one of the oldest investment management firms in the United States, with a history dating to 1924. Eaton Vance and its affiliates managed $260.3 billion in assets as of April 30, 2013, offering individuals and institutions a broad array of investment strategies and wealth management solutions.

Forward-Looking Statements

Certain information contained in this press release may include forward-looking statements, including, but not limited to, statements that are considered "forward-looking statements" within the meaning of United States securities laws, including the statements regarding the proposed offering of Senior Notes and expected use of proceeds. Any statements contained in or incorporated by reference into this press release that are not statements of historical fact should be considered forward-looking statements.  These statements are often identified by the use of words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "should," "estimate" or "continue," and similar expressions or variations. These statements are based on the beliefs and assumptions of our management based on information currently available to management. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Actual results and the timing of events could differ materially from those currently anticipated as a result of risks and uncertainties, including but not limited to changes in market conditions and interest rates.  Actual results could be affected by the factors discussed or referenced in our prospectus and prospectus supplement, our annual report on Form 10-K for the year ended October 31, 2012 and our quarterly report on Form 10-Q for the quarterly period ended April 30, 2013 filed with the SEC, under the heading "Risk Factors" and elsewhere, and any subsequent periodic or current reports filed by us with the SEC.  Forward-looking statements speak only as of the date of this press release.  We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.

SOURCE Eaton Vance Corp.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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