debt
confidence high
sentiment neutral
materiality 0.50
Nasdaq launches tender offers for up to $200M of three note series; early tender deadline Feb 24
NASDAQ, INC.
- Offers to purchase up to $200M aggregate principal: $40M of 5.35% notes due 2028, $50M of 5.55% notes due 2034, $110M of 3.95% notes due 2052.
- Early tender premium of $30 per $1,000 principal for notes tendered by Feb 24, 2025 (5:00 PM NY time).
- Total consideration includes fixed spread over referenced UST yields; settlement expected March 14, 2025 (early settlement possible Feb 27).
- Funding from available cash and other liquidity; purpose is to reduce total outstanding public debt.
- No minimum tender condition; J.P. Morgan Securities LLC serves as dealer manager.