secwatch.observer — SEC 8-K summary
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Issuer:     NASDAQ, INC. (NDAQ)
CIK:        0001120193
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001193125-23-177619
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq issues $4.5B in senior notes and secures $600M term loan to fund Adenza acquisition
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- Issued $4.25B USD senior notes (5.650% 2025, 5.350% 2028, 5.550% 2034, 5.950% 2053, 6.100% 2063) and €750M 4.500% notes due 2032.
- Entered $600M unsecured term loan credit agreement with Bank of America as administrative agent; funded on closing of Adenza acquisition.
- Special mandatory redemption at 101% if Adenza acquisition not consummated by September 2024 or abandoned.
- Terminated existing 364-day bridge loan facility in connection with the new financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120193/000119312523177619/0001193125-23-177619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120193/000119312523177619/d494014d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-177619

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer