IHS repays term loan, unsecured revolver via notes offering proceeds

By Tali Rackner

Norfolk, Va., Oct. 28 – IHS Inc. said it used proceeds from its $750 million offering of 5% notes due 2022 and cash on hand to repay all amounts outstanding under its existing $250 million unsecured term loan and a portion of the $850 million outstanding under its new $1.3 billion senior unsecured revolving facility, according to an 8-K filing with the Securities and Exchange Commission.

Following the repayments, the company has about $1.8 billion of outstanding debt.

IHS is an Englewood, Colo.-based provider of information, insight and analytics.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.