New Issue: Moody’s prices $700 million 3.75% 10-year senior notes at Treasuries plus 325 bps

By Cristal Cody

Tupelo, Miss., March 20 – Moody's Corp. sold $700 million of 3.75% five-year senior notes (BBB+/BBB+) on Friday at 99.887 to yield 3.775%, or a Treasuries plus 325 basis points spread, according to an FWP filing with the Securities and Exchange Commission.

BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the bookrunners.

Lead managers were MUFG and TD Securities (USA) LLC.

Proceeds will be used for general corporate purposes.

New York-based Moody’s is the parent company of credit ratings agency Moody’s Investors Service.

Issuer:	Moody's Corp.
Amount:	$700 million
Maturity:	March 24, 2025
Description:	Senior notes
Bookrunners:	BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC
Lead managers:	MUFG and TD Securities (USA) LLC
Co-managers:	Barclays, Citizens Capital Markets, Inc., Fifth Third Securities, Inc., HSBC Securities (USA) Inc., Loop Capital Markets LLC, MUFG, PNC Capital Markets LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc.
Coupon:	3.75%
Price:	99.887
Yield:	3.775%
Spread:	Treasuries plus 325 bps
Call features:	Make-whole call at greater of par and Treasuries plus 50 bps before Feb. 24, 2025; thereafter at par
Trade date:	March 20
Settlement date:	March 24
Ratings:	S&P: BBB+
	Fitch: BBB+
Distribution:	SEC registered

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