Summary
S&P Global Inc. (SPGI) announced on May 19, 2026, the pricing of a significant private offering of senior notes totaling $2 billion through its recently formed Mobility division holding company, Mobility Global Inc. This offering is a preparatory step for the planned separation of the Mobility division via a spin-off to SPGI shareholders. The issuance includes three tranches of notes: $650 million of 5.050% senior notes due 2029, $650 million of 5.450% senior notes due 2031, and $700 million of 6.050% senior notes due 2036. These notes are being offered to qualified institutional buyers and persons outside the United States under specific exemptions from registration. The transaction is slated to close on May 29, 2026, subject to customary conditions.
Key Highlights
- 1S&P Global Inc. has priced a private offering of $2 billion in aggregate principal amount of senior notes.
- 2The notes are issued by Mobility Global Inc., a new holding company for SPGI's Mobility division.
- 3This offering is in preparation for the intended spin-off of the Mobility division to S&P Global shareholders.
- 4The notes include three tranches with varying interest rates and maturity dates: 5.050% due 2029, 5.450% due 2031, and 6.050% due 2036.
- 5The offering is being conducted under exemptions from registration, specifically Rule 144A for institutional buyers and Regulation S for international investors.
- 6The closing of the offering is expected on May 29, 2026, contingent upon standard closing conditions.
- 7The announcement was made via a press release issued under Rule 135c of the Securities Act.