M&A
confidence high
sentiment positive
materiality 0.85
FactSet completes $1.925B acquisition of CUSIP Global Services from S&P Global
FACTSET RESEARCH SYSTEMS INC
- Acquired CUSIP Global Services for $1.925B in cash; financed with $1B in new senior notes and $1.25B drawn from new credit facilities.
- Issued $500M of 2.90% senior notes due 2027 and $500M of 3.45% senior notes due 2032; entered into $1B term loan and $500M revolving credit facility.
- Used proceeds to fund acquisition, repay prior revolving facility, and pay transaction fees; prior 2019 credit agreement terminated.
- CGS will operate within FactSet's Content and Technology Solutions segment; updated FY 2022 guidance expected on March 24, 2022.