8-KOther EventsExhibits & Filings

NASDAQ, INC. 8-K Report, Corporate Update (Jun 4, 2013)

Filed June 4, 2013For Securities:NDAQ

Summary

On June 4, 2013, The NASDAQ OMX Group, Inc. (now Nasdaq, Inc.) filed an 8-K report detailing its intention to issue Euro-denominated senior notes and the subsequent pricing of these notes. This move signifies a proactive financing strategy by the company to secure capital. The company announced the commencement of a public offering for these senior notes, which are set to mature in 2021. Following this announcement, NASDAQ OMX Group also reported the successful pricing of €600 million in aggregate principal amount of 3.875% senior notes due 2021, issued at a slight discount to par value (99.831% of the principal amount). These actions are important for investors to understand as they reflect the company's capital structure management and its access to international debt markets.

Key Highlights

  • 1NASDAQ OMX Group announced the launch of a public offering for Euro-denominated senior notes due 2021.
  • 2The company successfully priced €600 million in aggregate principal amount of these senior notes.
  • 3The notes carry a coupon rate of 3.875%.
  • 4The senior notes are due to mature in 2021.
  • 5The notes were issued at a public offering price of 99.831% of their principal amount, indicating a slight discount.
  • 6The offering was conducted under an effective shelf registration statement filed with the SEC.
  • 7The report includes two press releases as exhibits detailing the offering launch and pricing.

Frequently Asked Questions

This 8-K filing primarily announces NASDAQ OMX Group's intention to issue Euro-denominated senior notes and reports the successful pricing of €600 million of these notes. It informs investors about the company's financing activities and its engagement with the European debt market.

The senior notes have an aggregate principal amount of €600 million, a coupon rate of 3.875%, and a maturity date in 2021. They were priced at 99.831% of their principal amount.

Issuing Euro-denominated debt allows NASDAQ OMX Group to diversify its funding sources, potentially access lower borrowing costs in the Eurozone, and hedge against currency fluctuations if it has significant operations or revenue streams in Euros.

This means the notes were sold at a slight discount. For every €100 of face value, the company received €99.831. This can sometimes occur due to market conditions or when the coupon rate is slightly below prevailing market interest rates for similar debt.