MSCI increases revolver commitments, extends maturity, lowers pricing

By Wendy Van Sickle

Columbus, Ohio, May 18 – MSCI Inc. amended its revolving credit agreement dated Nov. 20, 2014 to increase commitments available to be borrowed by $30 million to a total of $250 million, according to a press releases.

The amendment also extends the revolver’s term to May 2023 and decreases the applicable rate and fee rate for loans and commitments.

After giving effect to the amendments, MSCI expects interest expense, including the amortization of financing fees, to be about $133 million for the year ending Dec. 31, 2018 and about $143.5 million a year thereafter, assuming no additional borrowings are drawn and no adjustment to the applicable rate.

MSCI is a New York-based provider of analytics and research to money managers and other investors.

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