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NASDAQ, INC. — Capital/Financing Update 2017
Sep 19, 2017
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Download source fileNEW YORK, September 19, 2017 – Nasdaq, Inc. (the “Company”) (Nasdaq:NDAQ) today
announced that it priced a public offering of $500,000,000 aggregate principal
amount of U.S. dollar-denominated senior floating rate notes due 2019 (the
“Offering”) with an interest rate equal to the three-month U.S. dollar LIBOR
plus 0.39% per annum. The Offering is expected to close on September 22, 2017,
subject to the satisfaction of customary closing conditions.
The Company expects to use the net proceeds from the Offering, together with
cash on hand, borrowings under the Company’s senior credit facility and/or
issuances of commercial paper, to fund the cash consideration payable by the
Company for its acquisition of eVestment, Inc. (the “eVestment Transaction”)
and related expenses. If the eVestment Transaction does not close, the Company
expects to use the net proceeds from the Offering for general corporate
purposes.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC
and Wells Fargo Securities, LLC will act as joint book-running managers for the
Offering.
The Offering is being made solely by means of a prospectus supplement and
accompanying prospectus, which have been or will be filed with the Securities
and Exchange Commission (the “SEC”). Before investing, the prospectus
supplement and accompanying prospectus should be read, as well as other
documents the Company has filed or will file with the SEC, for a more complete
understanding of the Company and the Offering. These documents are available
for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, copies may be obtained by contacting Merrill Lynch, Pierce,
Fenner & Smith Incorporated at toll-free at (800) 294-1322, J.P. Morgan
Securities LLC collect at 212-834-4533 or Wells Fargo Securities, LLC toll-free
at (800) 645-3751, or by email at: [email protected].
This press release shall not constitute an offer to sell or a solicitation of
an offer to buy any security and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offering, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such jurisdiction.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
the Offering, the eVestment Transaction, the implementation dates of these
transactions, the Company’s plans, objectives, expectations and intentions and
other statements that are not historical facts. We caution that these
statements are not guarantees of future performance. Actual results may differ
materially from those expressed or implied in the forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties or other
factors beyond the Company’s control. These factors include, but are not
limited to factors detailed in the Company’s annual report on Form 10-K, and
periodic reports filed with the SEC. We undertake no obligation to release any
revisions to any forward-looking statements.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing,
exchange technology, listing, information and public company services. Through
its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock market, its
technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the
world's securities transactions. Nasdaq is home to approximately 3,900 total
listings with a market value of approximately $12 trillion. To learn more,
visit: http://business.nasdaq.com
Nasdaq Contacts
Allan Schoenberg
Nasdaq Communications
212 231 5534
Ed Ditmire
Nasdaq Investor Relations
212 401 8737
NDAQF