S&P Global Inc. (SPGI): debt financing — S&P Global issues $750M 5.250% Senior Notes due 2033

S&P Global Inc.

Principal amount $750M, coupon 5.250%, maturity 2033; fully guaranteed by S&P Financial Services.
Net proceeds to repay outstanding commercial paper and for general corporate purposes.
Private offering under Rule 144A / Reg S; registration rights agreement for exchange offer.
Notes are senior unsecured, redeemable at any time; change-of-control put at 101%.
Closing September 12, 2023; initial purchasers BofA Securities and Citigroup.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

S&P Global Inc. incurred senior notes of $750,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association, successor in interest to U.S. Bank National Association, as trustee at 5.250% maturing 2033.

Instrument: senior notes
Principal: $750,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association, successor in interest to U.S. Bank National Association, as trustee
Rate: 5.250%
Maturity: 2033
Event: incurrence

Exact text from the filing

On September 12, 2023, S&P Global Inc. (the “Company”) completed its previously announced private offering (the “Offering”) of $750,000,000 aggregate principal amount of its 5.250% Senior Notes due 2033 (the “Notes”).

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

S&P Global Inc. entered into Purchase Agreement with BofA Securities, Inc. and Citigroup Global Markets Inc., as representatives of the several initial purchasers valued at $750,000,000 (effective 2023-09-07).

Action: entry
Agreement: notes offering
Counterparty: BofA Securities, Inc. and Citigroup Global Markets Inc., as representatives of the several initial purchasers
Value: $750,000,000
Effective: 2023-09-07

Exact text from the filing

The Notes were sold under a purchase agreement, dated as of September 7, 2023, entered into by and among the Company, Standard & Poor’s Financial Services LLC (the “Guarantor”) and each of BofA Securities, Inc. and Citigroup Global Markets Inc., as representatives of the several initial purchasers

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

S&P Global Inc. entered into Registration Rights Agreement with the Initial Purchasers (effective 2023-09-12).

Action: entry
Counterparty: the Initial Purchasers
Effective: 2023-09-12

Exact text from the filing

On September 12, 2023, in connection with the issuance of the Notes, the Company and the Guarantor entered into a registration rights agreement (the “Registration Rights Agreement”) with the Initial Purchasers.

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

S&P Global Inc. entered into Ninth Supplemental Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $750,000,000 (effective 2023-09-12).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association, as trustee
Value: $750,000,000
Effective: 2023-09-12

Exact text from the filing

The Notes are governed by an indenture dated as of May 26, 2015 (the “Base Indenture”), among the Company, the Guarantor and U.S. Bank Trust Company, National Association, successor in interest to U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by the ninth supplemental indenture dated as of September 12, 2023

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S&P Global Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-233470

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