8-KOther EventsExhibits & Filings

S&P Global Inc. 8-K Report, Corporate Update (Aug 13, 2015)

Filed August 13, 2015For Securities:SPGI

Summary

McGraw Hill Financial, Inc. (now S&P Global Inc.) announced on August 13, 2015, its intention to offer debt securities (the "Notes") through a private placement. These Notes will be guaranteed by its subsidiary, Standard & Poor's Financial Services LLC. The primary purpose of this debt issuance is to fund the acquisition of SNL Financial LC, a transaction that had been previously announced. The offering is being conducted under Rule 144A and Regulation S of the Securities Act of 1933, meaning the Notes have not been registered with the SEC and are subject to specific resale restrictions. Investors should note the non-U.S. person/Qualified Institutional Buyer nature of this placement. The company provided a press release on the same date detailing this offering, which is filed as an exhibit to this report.

Key Highlights

  • 1Announcement of a private placement offering of debt securities (Notes).
  • 2The offering is intended to raise capital to finance the acquisition of SNL Financial LC.
  • 3Notes are guaranteed by subsidiary Standard & Poor's Financial Services LLC.
  • 4The offering is structured under Rule 144A and Regulation S, indicating a private placement for institutional investors and non-U.S. persons.
  • 5The Notes have not been registered under the Securities Act of 1933.
  • 6A press release dated August 13, 2015, detailing the offering, is filed as an exhibit.

Frequently Asked Questions

The debt offering is intended to raise capital to finance the previously announced acquisition of SNL Financial LC.

McGraw Hill Financial, Inc. is issuing the debt securities (Notes). The Notes will be guaranteed by its subsidiary, Standard & Poor's Financial Services LLC.

No, the debt securities are being offered through a private placement under Rule 144A and Regulation S. This means they are generally available to Qualified Institutional Buyers (QIBs) and non-U.S. persons and have not been registered with the SEC for public sale.

The Notes are not registered with the SEC, meaning they cannot be freely resold to the public in the United States unless registered or an applicable exemption applies. This restricts liquidity for investors compared to publicly traded securities.