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The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that it priced an upsized $1 billion underwritten public offering of senior notes, including $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 offering is expected to close on January 15, 2010, subject to customary closing conditions.
Concurrently with the increase in size of the senior notes offering from the previously announced $700 million, NASDAQ OMX intends to reduce the size of its previously announced new senior unsecured credit facilities from $1,250 million of available borrowings to $950 million, of which $700 million will be a funded term loan and $250 million will be an unfunded revolver. NASDAQ OMX intends to simultaneously use the net proceeds from the notes offering together with borrowings from the proposed new senior unsecured credit facilities and cash on hand to repay all amounts outstanding under its existing senior secured credit facilities and terminate the associated credit agreement, as well as to pay fees and expenses related to these transactions.
Banc of America Securities LLC, J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC are the joint book-running managers of the notes offering.
The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. A prospectus supplement and accompanying prospectus describing the terms of this offering will be filed with the SEC. Copies of the prospectus supplement and the accompanying base prospectus may be obtained at no cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Banc of America Securities LLC, J.P. Morgan Securities Inc. or Wells Fargo Securities, LLC can arrange to send you the prospectus if you request it by calling or e-mailing Banc of America Securities LLC toll free at 1-800-294-1322 or dg.prospectus_distribution@bofasecurities.com, or calling J.P. Morgan Securities Inc. at the following collect number: 1-212-834-4533 or calling or e-mailing Wells Fargo Securities, LLC toll free or at 1-800-356-5897 or Prospectus.specialrequests@wachovia.com.
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.
