debt
confidence high
sentiment neutral
materiality 0.80
ICE completes $8.0B senior notes offering to fund Black Knight acquisition and refinance existing debt
Intercontinental Exchange, Inc.
- Completed offering of $8.0B aggregate principal in six tranches: 2025, 2027, 2029, 2033, 2052, and 2062 notes, with coupons from 3.65% to 5.20%.
- Net proceeds of approximately $7.91B after underwriting discounts and commissions.
- Approximately $4.96B of net proceeds (from 2025, 2027, 2029, and 2062 notes) to fund cash portion of Black Knight, Inc. acquisition.
- Approximately $2.96B of net proceeds (from 2033 and 2052 notes) to redeem outstanding senior notes maturing 2022/2023, including make-whole premiums.
- Balance for general corporate purposes, including repaying commercial paper.