IHS Inc. Announces Offering of Senior Notes
October 21 2014 - 8:33AM
Business Wire
IHS Inc. (NYSE: IHS) today announced that it intends to offer,
subject to market and other conditions, $500 million in aggregate
principal amount of senior notes due 2022 (the “notes”) in a
private placement transaction pursuant to Rule 144A and Regulation
S under the Securities Act of 1933, as amended.
IHS intends to use the net proceeds from the offering of the
notes to repay all amounts outstanding under its existing $250
million unsecured term loan and to repay a portion of the $850
million of outstanding borrowings under its new $1.3 billion senior
unsecured revolving facility (the “2014 revolving facility”).
As previously disclosed, on October 17, 2014, IHS borrowed
approximately $850 million under the 2014 revolving facility and,
together with cash on hand, repaid all amounts outstanding and
cancelled all commitments under its 2011 credit facility. Following
consummation of the offering of the notes and use of proceeds
therefrom, IHS expects to have approximately $1.8 billion of
indebtedness outstanding.
The combination of the offering and the 2014 revolving facility
diversifies IHS capital sources, increases liquidity and extends
debt maturities.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of,
these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
other jurisdiction.
The notes are being offered and sold to qualified institutional
buyers in the United States in reliance on Rule 144A under the U.S.
Securities Act of 1933, as amended and to non-U.S. persons in
offshore transactions outside the United States in accordance with
Regulation S under the Securities Act. The notes have not been
registered under the Securities Act or any state securities laws,
and may not be offered or sold in the United States or to U.S.
persons absent registration or an applicable exemption from the
registration requirements.
Forward-Looking Statements
This release contains “forward-looking statements” within the
meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by words such as: “anticipate,”
“intend,” “plan,” “goal,” “seek,” “aim,” “strive,” “believe,”
“project,” “predict,” “estimate,” “expect,” “continue,” “strategy,”
“future,” “likely,” “may,” “might,” “should,” “will,” the negative
of these terms, and similar references to future periods.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. A detailed discussion of some of
the risks and uncertainties that could cause our actual results and
financial condition to differ materially from the forward-looking
statements is described under the caption “Risk Factors” in our
most recent annual report on Form 10-K, along with our other
filings with the SEC.
Any forward-looking statement made by us in this release speaks
only as of the date on which it is made. We undertake no obligation
to publicly update any forward-looking statement, whether written
or oral, that may be made from time to time, whether as a result of
new information, future developments or otherwise.
About IHS
IHS (NYSE: IHS) is the leading source of information, insight
and analytics in critical areas that shape today’s business
landscape. Businesses and governments in more than 165 countries
around the globe rely on the comprehensive content, expert
independent analysis and flexible delivery methods of IHS to make
high-impact decisions and develop strategies with speed and
confidence. IHS has been in business since 1959 and became a
publicly traded company on the New York Stock Exchange in 2005.
Headquartered in Englewood, Colorado, USA, IHS is committed to
sustainable, profitable growth and employs more than 8,000 people
in 31 countries around the world.
IHS is a registered trademark of IHS Inc. All other company and
product names may be trademarks of their respective owners. © 2014
IHS Inc. All rights reserved.
News Media Contact:IHS Inc.Ed Mattix, +1 303 397
2467ed.mattix@ihs.comorInvestor Relations Contact:IHS
Inc.Eric Boyer, +1 303 397 2969eric.boyer@ihs.com
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