The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the closing of its $1 billion underwritten public offering of senior notes and its $950 million senior unsecured credit facility. As previously announced, the senior notes were issued in two separate series consisting of $400 million aggregate principal amount of 4.00% Senior Notes due 2015 and $600 million aggregate principal amount of 5.55% Senior Notes due 2020. The new credit facility includes a $700 million funded term loan and a $250 million unfunded revolver.
NASDAQ OMX applied the net proceeds for the senior notes offering, the funded term loan and cash on hand to repay all amounts outstanding under its existing senior secured credit facilities and terminated the associated credit agreement.
The Notes have been offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. Banc of America Securities LLC, J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC served as joint book-running managers of the notes offering.
In connection with the new credit facility Bank of America, N.A. serves as administrative agent, swingline lender, issuing bank and a lender; Nordea Bank AB (publ.) and Skandinaviska Enskilda Banken AB (publ.) serve as Nordic lead arrangers and joint bookrunning managers; Banc of America Securities LLC and J.P. Morgan Securities Inc. serve as U.S. lead arrangers and joint bookrunning managers; and JPMorgan Chase Bank, N.A., Nordea Bank AB (publ.) and Skandinaviska Enskilda Banken AB (publ.) serve as documentation agents and lenders.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
