FactSet preps two-part senior notes offering for Cusip acquisition

Chicago, Feb. 15 – FactSet Research Systems Inc. is offering senior notes due 2027 and 2032 (Baa3//BBB), according to a 424B5 filing with the Securities and Exchange Commission.

There will be an optional make-whole call before a par call date.

Any change of control will allow the notes to be putable at 101.

BofA Securities, Inc. and PNC Capital Markets LLC are listed as joint bookrunners.

HSBC Securities (USA) Inc. is working as a co-manager.

U.S. Bank Trust Co. NA is the trustee.

Cravath, Swaine & Moore LLP is advising the issuer. Cahill Gordon & Reindel LLP is working as counsel to the bookrunners.

Proceeds, with borrowings under a new term facility and cash on hand, will be used to finance the acquisition of the Cusip Global Services division from S&P Global Inc. The notes will also be used to repay borrowings under the company’s 2019 revolving credit facility.

There is a special redemption of the notes at 101 if the acquisition is not completed by Dec. 24, 2022.

FactSet is a financial data and analytics company. Headquarters are in Norwalk, Conn.

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