MSCI to pay down term loan facility, enter new revolver after offering

By Tali Rackner

Norfolk, Va., Oct. 31 – MSCI Inc. said it plans to use the net proceeds a senior notes offering, together with cash on hand, to repay all $794.8 million debt outstanding under its senior secured term loan facility, according to a press release.

Concurrent with the new notes offering, MSCI intends to enter into a new five-year $200 million unsecured revolving credit facility.

MSCI is a New York-based provider of investment decision support tools, including indexes, portfolio risk and performance analytics and corporate governance services.

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