secwatch / observer
8-K filed June 28, 2023, 7:59 PM ET ticker NDAQ CIK 0001120193
debt confidence high sentiment neutral materiality 0.80

Nasdaq issues $4.5B in senior notes and secures $600M term loan to fund Adenza acquisition

NASDAQ, INC.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NASDAQ, INC. entered into Acquisition Term Loan Agreement with the lenders named therein, Bank of America, N.A., as administrative agent valued at up to $600 million (effective 2023-06-28).

Action
entry
Agreement
credit facility
Counterparty
the lenders named therein, Bank of America, N.A., as administrative agent
Value
up to $600 million
Effective
2023-06-28
Exact text from the filing
On June 28, 2023, the Company entered into a Term Loan Credit Agreement with the lenders named therein, Bank of America, N.A., as administrative agent, and the other parties from time to time party thereto (the “Acquisition Term Loan Agreement”). The Acquisition Term Loan Agreement provides the Company with the ability to borrow up to $600 million on an unsecured basis to finance a portion of the cash consideration for the Acquisition, for repayment of certain debt of Adenza and its subsidiaries and to pay fees, costs and expenses related thereto.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NASDAQ, INC. entered into Agreement and Plan of Merger with Adenza Holdings, Inc., Adenza Parent, LP, and the merger subsidiaries (effective 2023-06-10).

Action
entry
Agreement
merger
Counterparty
Adenza Holdings, Inc., Adenza Parent, LP, and the merger subsidiaries
Effective
2023-06-10
Exact text from the filing
As previously announced, on June 10, 2023, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among Nasdaq, Argus Merger Sub 1, Inc., a Delaware corporation and a direct wholly owned subsidiary of the Company, Argus Merger Sub 2, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of the Company, Adenza Holdings, Inc., a Delaware corporation (“Adenza”), and Adenza Parent, LP, a Delaware limited partnership (“Seller”), pursuant to which Nasdaq will acquire 100% of the stock of Adenza from Seller (the “Acquisition”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NASDAQ, INC. entered into Supplemental Indentures with Computershare Trust Company, N.A., as trustee (effective 2023-06-28).

Action
entry
Agreement
notes offering
Counterparty
Computershare Trust Company, N.A., as trustee
Effective
2023-06-28
Exact text from the filing
The Senior Notes were issued under the Indenture, dated June 7, 2013, between the Company and Wells Fargo Bank, National Association, as trustee, as supplemented by (i) with respect to the 2025 Senior Notes, the Fourteenth Supplemental Indenture (the “Fourteenth Supplemental Indenture”), dated June 28, 2023, by and between the Company and Computershare Trust Company, N.A., as trustee, as successor to Wells Fargo Bank, National Association (the “Trustee”), (ii) with respect to the 2028 Senior Notes, the Fifteenth Supplemental Indenture (the “Fifteenth Supplemental Indenture”), dated June 28, 2023, by and between the Company and the Trustee, (iii) with respect to the 2034 Senior Notes, the Sixteenth Supplemental Indenture (the “Sixteenth Supplemental Indenture”), dated June 28, 2023, by and between the Company and the Trustee, (iv) with respect to the 2053 Senior Notes, the Seventeenth Supplemental Indenture (the “Seventeenth Supplemental Indenture”), dated June 28, 2023, by and between
View on SEC.gov

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NASDAQ, INC. filing history →

Source: SEC EDGAR
accession 0001193125-23-177619
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