Summary
On May 17, 2016, Nasdaq, Inc. announced its intention to launch a public offering of Euro-denominated senior notes due 2023. This offering was conducted under an effective shelf registration statement filed with the SEC, indicating Nasdaq's proactive approach to accessing capital markets. The company subsequently announced the pricing of these senior notes, securing €600 million in aggregate principal amount. The notes carry a coupon of 1.750% and were issued at a price of 99.408% of their principal amount. This action provides Nasdaq with additional funding flexibility and demonstrates investor confidence in the company's creditworthiness.
Key Highlights
- 1Nasdaq announced a public offering of Euro-denominated senior notes.
- 2The senior notes are due in 2023.
- 3The offering was made pursuant to an effective shelf registration statement.
- 4Nasdaq priced the offering, raising €600 million in aggregate principal amount.
- 5The senior notes bear an interest rate of 1.750% per annum.
- 6The notes were issued at a public offering price of 99.408% of the principal amount.
- 7The filing includes press releases detailing the offering launch and pricing.