S&P Global Prices $1 Billion in Senior Notes for Growth Plans
S&P Global Announces Senior Notes Offering
S&P Global has recently made headlines with its pricing of $600 million in senior notes due in 2031 and an additional $400 million in senior notes due in 2035. This strategic financial move is poised to enhance the company's capabilities and support its ongoing growth initiatives.
Details of the Offering
The company’s offering consists of two separate notes: the 2031 Notes, which are set at an interest rate of 4.250% per year, maturing on January 15, 2031, and the 2035 Notes, carrying an interest rate of 4.800%, maturing on December 4, 2035. Payments for these notes will be carried out semi-annually, beginning in mid-2026.
User Security
These notes are understood to be unsecured and are unsubordinated obligations guaranteed by Standard & Poor's Financial Services LLC, one of the company's subsidiaries. The anticipated closing date for this transaction is around early December, contingent upon normal closing conditions.
Utilization of Proceeds
Proceeds from this offering are primarily intended for general corporate use. This includes possibilities such as funding for acquisitions, paying off existing debts, capital expenditures, and potentially buying back shares of the company. In the meantime, funds may be temporarily invested in short-term liquid assets until needed for designated purposes.
Notes Sales Guidelines
Sales of the notes will be restricted to credible institutional buyers in the U.S. as per Rule 144A of the Securities Act, and will follow Regulation S internationally. It's noteworthy that these notes have not been registered, implying they can only be sold under specific exemptions.
About S&P Global
S&P Global effectively empowers businesses and individuals by providing reliable data and technological expertise, facilitating informed decision-making. Their offerings span critical data-driven insights and industry benchmarks that are essential for navigating today's dynamic markets.
Innovating for Tomorrow
From aiding investment decisions to coherently managing tasks across various sectors like energy and artificial intelligence, S&P Global is at the forefront, helping organizations anticipate market shifts and seize emerging opportunities.
Contact Information
Investor Relations:
Mark Grant
Senior Vice President, Investor Relations and Treasurer
Tel: +1 (347) 640-1521
Media Relations:
Christina Twomey
Chief Communications Officer
Tel: +1 (646) 407-3001
Frequently Asked Questions
What is the total amount of senior notes being offered?
The total offering includes $600 million in senior notes due 2031 and $400 million in senior notes due 2035.
What are the interest rates on the senior notes?
The 2031 Notes are priced at 4.250% and the 2035 Notes are priced at 4.800%.
How does S&P Global plan to use the proceeds from this offering?
Proceeds will be directed towards general corporate purposes, including potential acquisitions and debt repayment.
Who will be purchasing these notes?
The notes will primarily be sold to qualified institutional buyers in the U.S. and to non-U.S. buyers under Regulation S.
When is the expected closing date for the sale of the notes?
The closing is expected to happen in early December, subject to standard closing conditions.
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