---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-023569"
form_type: "8-K"
ticker: "NDAQ"
cik: "0001120193"
company_name: "NASDAQ, INC."
filed_at: "2025-02-10T23:59:59+00:00"
generated_at: "2026-05-26T23:48:45.571013+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Nasdaq launches tender offers for up to $200M of three note series; early tender deadline Feb 24

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-023569
- form_type: 8-K
- ticker: NDAQ
- cik: 0001120193
- company_name: NASDAQ, INC.
- filed_at: 2025-02-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120193/000119312525023569/0001193125-25-023569-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120193/000119312525023569/d933579d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-023569
- JSON: https://secwatch.observer/filing/0001193125-25-023569.json
- Plain text: https://secwatch.observer/filing/0001193125-25-023569.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.