debt
confidence high
sentiment neutral
materiality 0.55
ICE completes exchange of $1B BK Notes for ICE Notes; 99.75% tendered
Intercontinental Exchange, Inc.
- ICE issued $997.5M of 3.625% Senior Notes due 2028, same terms as BK Notes tendered.
- $997.5M of BK Notes validly tendered and cancelled; only $2.5M remains outstanding.
- New ICE Notes are unsecured unsubordinated obligations, rank equally with other ICE debt.
- ICE entered Registration Rights Agreement with Goldman Sachs, J.P. Morgan, and Wells Fargo.