8-KMaterial AgreementsRegulation FDExhibits & Filings

MOODYS CORP /DE/ 8-K Report, Material Agreement (Aug 17, 2010)

Filed August 17, 2010For Securities:MCO

Summary

Moody's Corporation (MCO) filed an 8-K on August 17, 2010, to report on a material definitive agreement. Specifically, the company entered into an underwriting agreement with Goldman, Sachs & Co. and J.P. Morgan Securities Inc. as representatives of the underwriters for a public offering of $500 million in aggregate principal amount of its 5.50% Senior Notes due 2020. The offering is being made under an effective shelf registration statement filed with the SEC. The closing of this debt issuance was anticipated to occur around August 19, 2010. This filing also includes a press release issued by Moody's on August 17, 2010, announcing the pricing of this note offering, which provides further details on the transaction.

Key Highlights

  • 1Moody's Corporation entered into an underwriting agreement on August 16, 2010.
  • 2The agreement is for the issuance of $500 million in aggregate principal amount of 5.50% Senior Notes due 2020.
  • 3Goldman, Sachs & Co. and J.P. Morgan Securities Inc. are acting as the representatives for the underwriters.
  • 4The notes are being offered under a previously filed shelf registration statement (Form S-3).
  • 5The company issued a press release on August 17, 2010, announcing the pricing of the note offering.
  • 6The closing of the notes offering was expected to take place on or about August 19, 2010.

Frequently Asked Questions

This 8-K filing is primarily to report the entry into a material definitive agreement regarding the issuance and sale of $500 million of Moody's 5.50% Senior Notes due 2020.

Moody's is issuing $500 million in aggregate principal amount of Senior Notes with a coupon rate of 5.50% and a maturity date in 2020. The notes are being offered through an underwritten public offering.

Goldman, Sachs & Co. and J.P. Morgan Securities Inc. are acting as the representatives for the several underwriters involved in this offering.

Investors can find more details in the Underwriting Agreement (Exhibit 1.1) and the press release (Exhibit 99.1) filed as part of this Form 8-K. The offering is also made pursuant to a registration statement on Form S-3 filed with the SEC.