IHS Markit to sell $500 million eight-year bullet in Monday drive-by

By Paul A. Harris

Portland, Ore., Feb. 6 – London-based financial information and services company IHS Markit Ltd. plans to price a $500 million offering of non-callable eight-year senior notes (BB+/BBB) in a quick-to-market Monday transaction, according to a market source.

BofA Merrill Lynch, Wells Fargo Securities LLC, HSBC, J.P. Morgan Securities LLC and RBC Capital Markets are the joint bookrunners for the Rule 144A and Regulation S offering.

Proceeds will be used for working capital and other general corporate purposes, which initially will include repayment of debt under company's revolving credit facility and may in the future include share repurchases under the previously announced share repurchase authorization.

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