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.