NYSE Euronext launches $850 million offering of five-year notes at Treasuries plus 145 bps

By Andrea Heisinger

New York, Oct. 1 - NYSE Euronext is set to price $850 million of five-year senior notes on Monday at Treasuries plus 145 basis points, an informed source said.

The notes (A3/A+/) feature a change-of-control put at 101%.

Bank of America Merrill Lynch, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used to fund the purchase of $750 million of notes due 2013 in a tender offer and to retire at maturity any 2013 notes not purchased in the tender offer. Any remainder will be used to fund the purchase of up to €250 notes due 2015 in a tender offer, for the payment of tender offer expenses and for general corporate purposes.

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