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Nasdaq, Inc. (the “Company”) (Nasdaq:NDAQ) today announced that it plans to commence a public offering of U.S. dollar-denominated senior notes pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”, and such offering, the “Offering”). The Company expects to use the net proceeds from the Offering, together with cash on hand and/or borrowings under the Company’s senior credit facility, to fund the cash consideration payable by the Company for its acquisition of 100% of the equity interests in U.S. Exchange Holdings, Inc. (the indirect owner of three electronic options exchanges: International Securities Exchange, ISE Gemini and ISE Mercury) (the “ISE Transaction”) and related expenses and for general corporate purposes, which may include, without limitation, the repayment of indebtedness or the funding of other future acquisitions.
The exact terms and timing of the Offering will depend upon market conditions and other factors.
Mizuho Securities USA Inc., SEB Securities, Inc. and Wells Fargo Securities, LLC will act as bookrunners for the Offering.
The Offering is being made solely by means of a prospectus supplement and accompanying prospectus, which have been or will be filed with the SEC. Before investing, the prospectus supplement and accompanying prospectus should be read, as well as other documents the Company has filed or will file with the SEC, for a more complete understanding of the Company and the Offering. These documents are available for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, copies may be obtained by contacting Mizuho Securities USA Inc. at Telephone: (866) 271-7403; SEB Securities, Inc. at 245 Park Avenue, 33rd Floor, New York, NY 10167, Attention: NYC Investment Banking, Telephone: (212) 692-4795, Email: NYCInvestmentBanking@sebny.com; or Wells Fargo Securities, LLC at 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attention: WFS Customer Service, Telephone: (800) 645-3751, Email: wfcustomerservice@wellsfargo.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
