IHS Markit to conduct tap of 4.25% senior notes due 2029

By Devika Patel

Knoxville, Tenn., Aug. 21 – IHS Markit Ltd. intends to conduct an add-on offering to its 4.25% senior notes due May 1, 2029, according to a 424B5 filed with the Securities and Exchange Commission.

The company sold $600 million of the bonds in a sale that priced on April 3 and settled on April 8. The notes were sold at 99.422 to yield 4.321%, or Treasuries plus 180 basis points.

The notes feature a make-whole call at Treasuries plus 30 bps until Feb. 1, 2029 and a par call after that date.

HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Wells Fargo Securities LLC, BBVA Securities Inc. and TD Securities (USA) LLC are the joint bookrunners.

Proceeds will be used to repay debt under the company’s revolver.

IHS Markit is a London-based business information and analytics company.

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