Eaton Vance to issue $500m in notes
September 28, 2007 08:49 AM
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Investment fund company Eaton Vance Corp. said Thursday it will issue $500 million in long-term debt to potentially be used for investments, expansion, acquisitions or share repurchases.
Eaton Vance offered the debt as 6.5 percent 10-year senior notes due in 2017.
Citi and Merrill Lynch & Co. acted as the joint book-running managers for the offering.
Shares of Eaton Vance rose $1.18, or 3 percent, to $40.40. (AP)
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