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Nasdaq, Inc. Announces Pricing of Cash Tender Offers and Acceptance of Outstanding Debt Securities
Globenewswire· 2025-12-15 18:01
Core Viewpoint - Nasdaq, Inc. announced updated terms for its cash tender offers to purchase outstanding senior notes, increasing the caps for both the 2028 and 2052 notes, reflecting a strategic move to manage its debt obligations effectively [1][5]. Group 1: Tender Offer Details - The total cap for the 2028 Notes has been increased to $83,011,000 from a previous cap of $80,000,000, while the cap for the 2052 Notes has been raised to $16,989,000 from $10,000,000 [1]. - The tender offers will expire on December 30, 2025, with an early settlement date set for December 17, 2025, for notes validly tendered by the early tender date [6]. - The total consideration for the 2028 Notes is $1,033.67 per $1,000 principal amount, while for the 2052 Notes, it is $777.38 per $1,000 principal amount [3][7]. Group 2: Financial Implications - The total consideration includes an early tender premium of $30.00 per $1,000 principal amount of notes accepted for purchase [7]. - All notes accepted for purchase will be retired and canceled, ceasing to be outstanding obligations of the company [8]. Group 3: Management and Contact Information - J.P. Morgan Securities LLC is acting as the dealer manager for the tender offers, providing assistance to investors regarding the terms and conditions [9]. - D.F. King & Co., Inc. serves as the tender and information agent, handling inquiries related to the procedures for tendering notes [10].