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IHS Markit Ltd. (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced the pricing of its offering of an additional $350,000,000 in aggregate principal amount of its 4.250% senior notes due 2029 (the “Additional 2029 Notes”) at an issue price of 108.036%.
The Additional 2029 Notes will constitute a further issuance of, and form a single series with, IHS Markit’s outstanding 4.250% Senior Notes due 2029 issued on April 8, 2019 in the principal amount of $600,000,000 (the “Existing Notes” and together with the Additional 2029 Notes, the “2029 Notes”). The Additional 2029 Notes will have identical terms as the Existing Notes, other than the date of issue and the initial price. The Additional 2029 Notes will be fungible with the Existing Notes for U.S. federal income tax purposes and will have the same CUSIP number as, and will be treated as a single class with, the Existing Notes. Immediately after giving effect to the issuance of the Additional 2029 Notes, IHS Markit will have $950,000,000 aggregate principal amount of 2029 Notes outstanding.
The offering is expected to close on August 23, 2019, subject to the satisfaction of customary closing conditions.
IHS Markit intends to use the net proceeds from this offering to repay amounts outstanding in respect of the 2018 revolver under its Multi-Year Credit Agreement.
HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
The offering is being made only by means of a prospectus supplement and the accompanying base prospectus, which is filed as part of IHS Markit’s effective shelf registration statement on Form S-3 (File No. 333-224290), copies of which may be obtained from HSBC Securities (USA) Inc., 452 Fifth Avenue, New York, NY 10018, Attention: Transaction Management Group, by calling 1-866-811-8049, J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attention: Investment Grade Syndicate desk, by calling 212-834-4533, or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service, by calling 1-800-645-3751 or by emailing email@example.com. You may also get these documents for free by visiting EDGAR on the website of the Securities and Exchange Commission (the "SEC") at www.sec.gov.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
This news release has not been approved by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000 (as amended). Accordingly, this document is only for distribution to and directed at: (i) in the United Kingdom, persons having professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or high net worth entities falling within Article 49(2)(a) to (d) of the Order; (ii) persons who are outside the United Kingdom; and (iii) any other person to whom it can otherwise be lawfully distributed (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this news release relates is available only to and will be engaged in only with Relevant Persons. Persons who are not Relevant Persons should not take any action based upon this press release and should not rely on it.
This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “aim,” “strive,” “believe,” “see,” “project,” “predict,” “estimate,” “expect,” “continue,” “strategy,” “future,” “likely,” “may,” “might,” “should,” “will,” “would,” “could,” “target,” similar expressions, and variations or negatives of these words and the use of future tense. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on IHS Markit current beliefs, expectations, estimates and assumptions regarding the future of IHS Markit business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of IHS Markit control. A detailed discussion of some of the risks and uncertainties that could cause IHS Markit actual results and financial condition to differ materially from the forward-looking statements is described in IHS Markit filings with the U.S. Securities and Exchange Commission.
Any forward-looking statement made by IHS Markit in this release speaks only on information currently available to IHS Markit and speaks only as of the date of this communication. IHS Markit undertakes no obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
About IHS Markit
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2019 IHS Markit Ltd. All rights reserved.