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].

Core Points - Nasdaq, Inc. announced early results of its cash tender offers for its outstanding Notes, with a total cap of $83,011,000 for the 5.350% Senior Notes due 2028 and $16,989,000 for the 3.950% Senior Notes due 2052, reflecting increases from previously announced caps [1][2] - The tender offers are subject to conditions outlined in the Offer to Purchase dated December 1, 2025, and the company has elected to make payments for validly tendered Notes on December 17, 2025 [1][3] - The aggregate principal amount tendered for the 2028 Notes was $287,683,000, with a proration factor of 29%, while the 2052 Notes had $88,876,000 tendered with a proration factor of 19% [4][6] Tender Offer Details - The tender offers will expire on December 30, 2025, unless extended or terminated earlier [5] - The Total Consideration for each $1,000 principal amount of Notes accepted for purchase will include an early tender premium of $30.00, calculated based on the applicable fixed spread and yield of U.S. Treasury Reference Security [6][7] - The company intends to fund the purchase of the validly tendered and accepted Notes with available cash and other liquidity sources [8] Additional Information - J.P. Morgan Securities LLC is the dealer manager for the tender offers, and D.F. King & Co., Inc. serves as the tender and information agent [9][10] - The complete terms and conditions of the tender offers are detailed in the Offer to Purchase [9]

Core Viewpoint - Nasdaq, Inc. has announced cash tender offers for its outstanding Notes, with a maximum purchase price of $95 million, subject to specific caps on different series of Notes [1][3]. Group 1: Tender Offer Details - The company is offering to purchase up to $80 million of its 5.350% Senior Notes due 2028 and up to $10 million of its 3.950% Senior Notes due 2052 [1]. - The total consideration for each $1,000 principal amount of Notes validly tendered before the Early Tender Date will include an early tender premium [5][6]. - The Tender Offers will expire at 5:00 p.m. New York City time on December 30, 2025, with an Early Tender Date of December 12, 2025 [4][10]. Group 2: Payment and Settlement - Payment for Notes accepted for purchase will be made promptly following the Expiration Date, anticipated to be December 31, 2025, with potential early settlement for those tendered before the Early Tender Date [9]. - Holders of Notes accepted for purchase will receive accrued and unpaid interest from the last interest payment date to the applicable settlement date [7]. Group 3: Purpose and Funding - The purpose of the Tender Offers is to reduce the company's total outstanding public debt [8]. - The company intends to fund the purchase of validly tendered and accepted Notes with available cash on hand and other sources of liquidity [8].