debt
confidence high
sentiment neutral
materiality 0.55
ICE launches exchange offer for $1B Black Knight 3.625% notes due 2028
Intercontinental Exchange, Inc.
- Exchange offer covers all $1B aggregate principal of Black Knight InfoServ 3.625% Senior Notes due 2028.
- Early tenders by May 16 get $1,000 new ICE notes per $1,000 tendered; later tenders get $970.
- Offer expires June 3, 2024; settlement expected June 5, 2024.
- No minimum tender condition; ICE may waive conditions in its sole discretion.
- New ICE notes have same interest rate, payment dates, and maturity as BK Notes.