debt
confidence high
sentiment neutral
materiality 0.65
ICE raises $3.75B in four-tranche notes offering to fund MarketAxess acquisition
Intercontinental Exchange, Inc.
- Completed $3.75B notes offering: $1.25B 4.700% due 2029, $1.1B 4.900% due 2031, $650M 5.150% due 2033, $750M 5.400% due 2036.
- Net proceeds ~$3.71B after discounts; will finance purchase price for MarketAxess Holdings merger announced July 30, 2026.
- Underwriters led by BofA Securities, Wells Fargo, MUFG, Citigroup, Fifth Third, PNC Capital Markets.
- Notes issued under Eighth Supplemental Indenture with Computershare Trust as trustee.