---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-035244"
form_type: "8-K"
ticker: "NDAQ"
cik: "0001120193"
company_name: "NASDAQ, INC."
filed_at: "2025-02-25T23:59:59+00:00"
generated_at: "2026-05-26T04:24:20.706556+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Nasdaq increases debt tender cap to $218M, accepts all tendered notes across three series

## Summary
- Aggregate cap raised from $200M to $218,053,000; total purchase price ~$197M plus accrued interest.
- Accepted $41.36M of 5.350% 2028 notes (12% proration), $57.58M of 5.550% 2034 notes (13%), $119.11M of 3.950% 2052 notes (49%).
- Early tender premium of $30 per $1,000 included; Total Consideration per $1,000: 2028: $1,023.63, 2034: $1,035.58, 2052: $794.48.
- Early settlement on Feb 27, 2025; funded with available cash; all accepted notes will be retired and canceled.
- Oversubscribed on early date; no further notes will be accepted after Early Tender Date; withdrawal rights expired.

## SEC filing metadata
- accession: 0001193125-25-035244
- form_type: 8-K
- ticker: NDAQ
- cik: 0001120193
- company_name: NASDAQ, INC.
- filed_at: 2025-02-25T23:59:59+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/1120193/000119312525035244/0001193125-25-035244-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120193/000119312525035244/d924235d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-035244
- JSON: https://secwatch.observer/filing/0001193125-25-035244.json
- Plain text: https://secwatch.observer/filing/0001193125-25-035244.txt

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