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Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that it priced an underwritten public offering of $1.0 billion in new senior notes.
The senior notes comprise $500 million in aggregate principal amount of 2.350% Senior Notes due 2022 (the “2022 Notes”) and $500 million in aggregate principal amount of 3.100% Senior Notes due 2027 (the “2027 Notes” and together with the 2022 Notes, the “Notes”). The offering is being made under a shelf registration statement and is expected to close on August 17, 2017, subject to customary closing conditions.
ICE intends to use the net proceeds from the offering of the Notes for general corporate purposes, including to fund the redemption of NYSE Holdings LLC’s (“NYSE”) $850 million aggregate principal amount of 2.00% senior unsecured fixed rate notes due in October 2017 (the “NYSE USD Notes”) and to pay down commercial paper outstanding. Following the pricing of the Notes, NYSE delivered a notice of redemption of the NYSE USD Notes to the holders thereof and to Wilmington Trust Company, as trustee under the indenture governing the NYSE USD Notes. The NYSE USD Notes will be redeemed on September 13, 2017 in accordance with the terms of the indenture.
The joint book-running managers for the 2022 Notes are Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, MUFG Securities Americas Inc., Loop Capital Markets LLC, Mizuho Securities USA LLC and PNC Capital Markets LLC. The senior co-managers for the 2022 Notes are BBVA Securities Inc., BMO Capital Markets Corp. and Fifth Third Securities, Inc., and the co-managers for the 2022 Notes are Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, SG Americas Securities, LLC and Goldman Sachs & Co. LLC.
The joint book-running managers for the 2027 Notes are Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, MUFG Securities Americas Inc., BBVA Securities Inc., BMO Capital Markets Corp. and Fifth Third Securities, Inc. The senior co-managers for the 2027 Notes are Loop Capital Markets LLC, Mizuho Securities USA LLC and PNC Capital Markets LLC, and the co-managers for the 2027 Notes are Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, SG Americas Securities, LLC and Goldman Sachs & Co. LLC.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The offering is being made only by means of a prospectus supplement relating to the offering and accompanying base prospectus previously filed with the Securities and Exchange Commission, copies of which may be obtained for free by visiting EDGAR on the SEC Web site at www.sec.gov or, upon request, by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or dg.prospectus_requests@baml.com, Wells Fargo Securities, LLC toll-free at 1-800-645-3751 or wfscustomerservice@wellsfargo.com or MUFG Securities Americas Inc. toll-free at 1-877-649-6848 or prospectus@us.sc.mufg.jp.
