Moody's issues $500M of 4.250% Senior Notes, tenders for $500M 2.625% Notes due 2023

MOODYS CORP /DE/

Issued $500M aggregate principal of 4.250% Senior Notes due August 8, 2032; use proceeds to refinance 2023 notes.
Concurrently commenced cash tender offer for any and all $500M of 2.625% Senior Notes due January 15, 2023.
Underwriters include BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities.
New notes are redeemable at make-whole prior to May 8, 2032, then at par; change-of-control put at 101%.
Net proceeds plus cash on hand will fund purchase of 2023 Notes accepted in tender and redeem any remaining.

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