8-KOther EventsExhibits & Filings

MOODYS CORP /DE/ 8-K Report, Corporate Update (Jul 9, 2014)

Filed July 9, 2014For Securities:MCO

Summary

Moody's Corporation announced on July 7, 2014, its entry into an underwriting agreement for the issuance and sale of a significant debt offering. The company will issue $450 million in 2.750% Senior Notes due 2019 and $300 million in 5.250% Senior Notes due 2044, totaling $750 million. This offering was registered under the company's existing Form S-3 registration statement filed in July 2013. The company officially priced the offering on July 8, 2014, as detailed in a press release. This debt issuance represents a strategic financial move by Moody's Corporation, likely aimed at funding operations, capital expenditures, or strategic initiatives. Investors should note the specific coupon rates and maturity dates to assess the financial implications and investment profile of these new senior notes.

Key Highlights

  • 1Moody's Corporation entered into an underwriting agreement on July 7, 2014.
  • 2The company is issuing $450 million of 2.750% Senior Notes due 2019.
  • 3The company is also issuing $300 million of 5.250% Senior Notes due 2044.
  • 4The total aggregate principal amount of the notes is $750 million.
  • 5The notes were registered under a previously filed Form S-3 registration statement.
  • 6The offering was priced on July 8, 2014, and announced via press release.
  • 7Key underwriters include J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Frequently Asked Questions

Moody's Corporation is raising a total of $750 million through the issuance of two series of senior notes.

The company is issuing $450 million in 2.750% Senior Notes due 2019 and $300 million in 5.250% Senior Notes due 2044.

The filing does not explicitly state the purpose of the debt issuance. However, such offerings are typically used for general corporate purposes, which can include funding operations, capital expenditures, acquisitions, or refinancing existing debt.

The Underwriting Agreement itself is filed as Exhibit 1.1 to this Current Report on Form 8-K, and the press release announcing the pricing is filed as Exhibit 99.1.