MSD Investment Corp. issues $400M 6.125% notes due 2031, enters interest rate swap

MSD Investment Corp.

Issued $400M aggregate principal of 6.125% notes due Feb 5, 2031; interest payable semiannually starting Aug 5, 2026.
Notes are unsecured; redeemable at company's option at any time at specified redemption price.
Net proceeds to repay existing debt under credit facilities and for general corporate purposes.
Entered $400M notional interest rate swap maturing Feb 5, 2031; pays 3m SOFR+2.715%, receives 6.125% fixed.
Registration rights agreement requires exchange offer or additional interest if registration obligations not met.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MSD Investment Corp. entered into Second Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $400,000,000 aggregate principal amount of its 6.125% notes due 2031 (effective 2025-12-05).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $400,000,000 aggregate principal amount of its 6.125% notes due 2031
Effective: 2025-12-05

Exact text from the filing

On December 5, 2025, MSD Investment Corp. (the “ Company ”) and U.S. Bank Trust Company, National Association (the “ Trustee ”), entered into a Second Supplemental Indenture (the “ Second Supplemental Indenture ”) to the Indenture, dated April 2, 2025, between the Company and the Trustee (the “ Base Indenture ” and, together with the Second Supplemental Indenture, the “ Indenture ”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MSD Investment Corp. entered into Registration Rights Agreement with J.P. Morgan Securities LLC, Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc. as the representatives of the Initial Purchasers (effective 2025-12-05).

Action: entry
Counterparty: J.P. Morgan Securities LLC, Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc. as the representatives of the Initial Purchasers
Effective: 2025-12-05

Exact text from the filing

In connection with the sale of the Notes, the Company entered into a Registration Rights Agreement, dated December 5, 2025 (the “ Registration Rights Agreement ”), with J.P. Morgan Securities LLC, Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc. as the representatives of the Initial Purchasers.

View on SEC.gov

Browse all material agreements →

Source: SEC EDGAR

accession 0001193125-25-309931

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.