01—Abstract
Summary
Summary of the 8-K filed September 8, 2025. Cited figures are marked; the original filing is the authoritative source.
MSCI Inc. (MSCI) furnished this Form 8-K under Item 7.01 (Regulation FD Disclosure) to announce an update to its full-year 2025 interest expense outlook.
The CFO, Andrew Wiechmann, is scheduled to take part in a fireside chat at the Barclays Global Financial Services Conference on September 8, 2025, at 12:00 p.m. Eastern Time, with a live webcast and replay available on the company's Investor Relations website. The company now expects full-year 2025 interest expense (including amortization of financing fees) of approximately $205 to $209 milliona, up from prior guidance of $182 to $186 million.
For the quarter ending September 30, 2025, it expects interest expense of approximately $54 to $55 millionb. The filing attributes the change to the August 2025 issuance of $1.25 billion of 5.25% senior notes due 2035 and the subsequent repayment of revolving credit facility borrowings on August 11, 2025, which results in a higher expected debt balance for 2025.
MSCI states it is not updating any other components of its full-year 2025 guidance from its July 22, 2025 earnings release for the second quarter and six months ended June 30, 2025. The company cautions that guidance depends on macroeconomic and capital markets assumptions, and that changes in SOFR and indebtedness levels can cause interest expense to vary.
02—Key points
Key Highlights
- Full-year 2025 interest expense guidance raised to approximately $205 to $209 million, from prior guidance of $182 to $186 million.
- Q3 2025 (quarter ending September 30, 2025) interest expense expected at approximately $54 to $55 million.
- Increase driven by the August 2025 issuance of $1.25 billion of 5.25% senior notes due 2035.
- Revolving credit facility borrowings were repaid on August 11, 2025, resulting in a higher expected debt balance for 2025.
- All other components of full-year 2025 guidance from the July 22, 2025 earnings release are unchanged.
- CFO Andrew Wiechmann to participate in a fireside chat at the Barclays Global Financial Services Conference on September 8, 2025, at 12:00 p.m. ET, with a webcast and replay available.
- The majority of interest expense comes from fixed-rate senior unsecured notes, while a portion is variable-rate revolver debt tied to SOFR.
03—Questions
Frequently Asked Questions
Why did MSCI raise its interest expense guidance?
The company issued $1.25 billion of 5.25% senior notes due 2035 in August 2025 and then repaid its outstanding revolving credit facility borrowings on August 11, 2025. The filing says this results in a higher expected debt balance for 2025, which increases expected interest expense.
How much interest expense does MSCI now expect for 2025?
MSCI expects full-year 2025 interest expense, including amortization of financing fees, of approximately $205 to $209 million, compared with prior guidance of $182 to $186 million.
What is the interest expense outlook for the third quarter of 2025?
For the quarter ending September 30, 2025, the company currently expects interest expense of approximately $54 to $55 million.
Did MSCI change any other guidance items?
No. Other than the interest expense update, MSCI is not updating the other components of its full-year 2025 guidance set forth in its July 22, 2025 earnings release for the second quarter and six months ended June 30, 2025.
What factors could cause MSCI's interest expense to vary?
The filing notes that a portion of interest expense relates to variable-rate borrowings under the revolving credit facility, so changes to SOFR can affect it, while the majority comes from fixed-rate senior unsecured notes. Changes in indebtedness levels can also cause interest expense to vary.
04—Continue