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FactSet will borrow new term facility for Cusip acquisition
Chicago, Feb. 15 – FactSet Research Systems Inc. will borrow under a new credit facility (//BBB) for its acquisition of the Cusip Global Services division from S&P Global Inc., according to a 424B5 filing with the Securities and Exchange Commission.
Fitch Ratings detailed that the company will be signing a new $500 million revolver and a $1 billion term loan.
The company is also working to sell a two-part offering of senior notes due 2027 and 2032.
FactSet is a financial data and analytics company. Headquarters are in Norwalk, Conn.
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