debt
confidence high
sentiment neutral
materiality 0.55
Nasdaq increases 2028 and 2052 note tender caps to $100M total; early settlement Dec 17
NASDAQ, INC.
- Increased 2028 notes cap to $83,011,000 and 2052 notes cap to $16,989,000; removed $95M maximum tender payment.
- Total consideration set at $1,033.67 per $1,000 principal for 2028 notes and $777.38 for 2052 notes, including $30 early tender premium.
- Acceptance prorated: 29% for 2028 notes ($287.7M tendered vs $83.0M cap), 19% for 2052 notes ($88.9M tendered vs $17.0M cap).
- Early settlement date Dec 17; remaining tender offers expire Dec 30, but no further acceptances as caps exceeded.
- Funding from available cash and other liquidity sources.