S&P Global gives results of exchange, solicitations for IHS notes

Chicago, March 1 – S&P Global Inc. subsidiary S&P Global Market Intelligence Inc. announced the expiration and final results of the exchange offers and consent solicitation for up to $4,642,848,000 outstanding notes issued by IHS Markit Ltd. for new notes and cash, according to a press release.

As of the expiration at 5 p.m. ET on Feb. 28, $4.473 billion principal amount of IHS Markit notes had been validly tendered and not withdrawn.

The following amounts are the final results under the exchange offer:

• $734,098,000, or 98.82%, of the $742,848,000 of 5% senior notes due 2022 (Cusips: 44962LAA5 and G47567AA3);

• $462,292,000, or 92.46%, of the $500 million 4 1/8% notes due 2023 (Cusip: 44962LAG2);

• $353,197,000, or 88.3%, of the $400 million 3 5/8% notes due 2024 (Cusip: 44962LAH0);

• $795,818,000, or 99.48%, of the $800 million 4¾% notes due 2025 (Cusips: 44962LB3, G47567AB1 and G47567AC9);

• $497,157,000, or 99.43%, of the $500 million 4% notes due 2026 (Cusips: 44962LAC1 and G47567AD7);

• $700,697,000, or 93.43%, of the $750 million 4¾% notes due 2028 (Cusip: 44962LAF4); and

• $930,164,000, or 97.91%, of the $950 million 4¼% notes due 2029 (Cusip: 44962LAJ6).

Noteholders are receiving a like amount of S&P Global notes in the exchange with early participating noteholders also receiving a consent payment of $1.00 per $1,000 note in cash.

The new S&P notes have the same interest rate, maturity date, redemption terms and interest payment dates as the corresponding series of IHS notes.

The early deadline was 5 p.m. ET on Nov. 30.

The company had received the required consents by the early participation deadline.

The amendments will become operative upon settlement, expected for March 2.

No accrued and unpaid interest is payable upon acceptance of any IHS Markit notes in the exchange offers and consent solicitations. However, the first interest payment on any S&P Global notes will include the accrued interest on the IHS Markit notes tendered.

D.F. King & Co. Inc. (877 864-5060; 212 269-5550; sandp@dfking.com.) is the exchange agent and information agent in connection with the offers and consent solicitations.

New York-based S&P Global and London-based IHS Markit are business information and analytics companies. The completion of the merger between the two companies was announced Tuesday morning.

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