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Published on 8/10/2020 in the Prospect News Investment Grade Daily.

S&P Global intends to sell notes in two parts via seven bookrunners

By Devika Patel

Knoxville, Tenn., Aug. 10 – S&P Global Inc. plans to sell guaranteed fixed-rate senior notes in two tranches, according to a press release and 424B2 filing with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

Goldman Sachs & Co. LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Mizuho Securities USA Inc. are the bookrunners.

Proceeds will be used to fund cash tender offers for the company’s $900 million of 4.4% senior notes due 2026, $297,021,000 of 6.55% senior notes due 2037 and $500 million of 4.5% senior notes due 2048.

The notes will be guaranteed by Standard & Poor's Financial Services LLC.

Based in New York, S&P Global provides transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world.


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