debt
confidence high
sentiment neutral
materiality 0.55
ICE completes $750M offering of 5.250% Senior Notes due 2031
Intercontinental Exchange, Inc.
- Net proceeds of ~$744.6M after underwriting discounts and commissions.
- Proceeds used to repay $500M of 3.65% Senior Notes due May 2025 and ~$240M of term loan borrowings.
- Notes mature in 2031 with a 5.250% coupon; issued under existing indenture and shelf registration.
- Underwriting led by BofA Securities, Goldman Sachs, J.P. Morgan, and Wells Fargo Securities.