By Cristal Cody
Chicago, Sept. 7 – S&P Global Inc. priced $750 million of 5.25% senior notes due 2033, according to a press release.
The notes priced at Treasuries plus 100 basis points. Initial talk had the deal coming in the 130 bps area.
The notes will be guaranteed by subsidiary Standard & Poor’s Financial Services LLC.
BofA Securities, Inc. and Citigroup Global Markets Inc. are the bookrunners.
Proceeds from the Rule 144A and Regulation S offering will be used to repay outstanding commercial paper borrowings and for general corporate purposes, including repaying or repurchasing existing debt.
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.
| Issuer: | S&P Global Inc.
|
| Guarantor: | Standard & Poor’s Financial Services LLC
|
| Amount: | $750 million
|
| Issue: | Senior notes
|
| Maturity: | Sept. 15, 2033
|
| Bookrunners: | BofA Securities, Inc. and Citigroup Global Markets Inc.
|
| Coupon: | 5.25%
|
| Spread: | Treasuries plus 100 bps
|
| Trade date: | Sept. 7
|
| Settlement date: | Sept. 12
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 130 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
