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Eaton Vance Corp. Announces Pricing Of Senior Notes Offering

BOSTON, June 14, 2013 /PRNewswire/ -- Eaton Vance Corp. (NYSE: EV) announced today that it has priced the previously announced public offering of $325 million aggregate principal amount of senior notes due June 15, 2023 (the "Senior Notes"). The Senior Notes will bear interest at the rate of 3.625% per year, payable on a semi-annual basis. The public offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission ("SEC") and is expected to close on June 25, 2013, subject to customary closing conditions.

The Company expects to receive net proceeds, after the underwriting discount, of approximately $323 million. The net proceeds from the public offering will be used to fund the Company's previously announced tender offer for up to $250 million aggregate principal amount of its outstanding 6.50% Senior Notes due 2017, if consummated. Remaining proceeds will be used for general corporate purposes. 

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. 

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.

This press release does not constitute an offer to sell or purchase, or the solicitation of an offer to sell or 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.

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