Intercontinental Exchange Prices $6,500,000,000 in Senior Notes
August 17 2020 - 6:37PM
Business Wire
Intercontinental Exchange (NYSE: ICE), a leading operator of
global exchanges and clearing houses and provider of data and
listings services, announced today that it priced an underwritten
public offering of $6.5 billion in new senior notes.
The senior notes comprise $1.25 billion in aggregate principal
amount of Floating Rate Senior Notes due 2023 (the “Floating Rate
Notes”), $1 billion in aggregate principal amount of 0.700% Senior
Notes due 2023 (the “2023 Notes”), $1.5 billion in aggregate
principal amount of 1.850% Senior Notes due 2032 (the “2032
Notes”), $1.25 billion in aggregate principal amount of 2.650%
Senior Notes due 2040 (the “2040 Notes”) and $1.5 billion in
aggregate principal amount of 3.000% Senior Notes due 2060 (the
“2060 Notes” and, together with the Floating Rate Notes, the 2023
Notes, the 2032 Notes and the 2040 Notes, the “Notes”). The
offering is being made under a shelf registration statement and is
expected to close on August 20, 2020, subject to customary closing
conditions.
ICE intends to use the net proceeds from the offering of the
Notes, together with the issuance of commercial paper and/or
borrowings under its revolving credit facility and borrowings under
a new senior unsecured term loan facility, to finance the cash
portion of the purchase price for Ellie Mae Intermediate Holdings
I, Inc. and its indirect wholly owned subsidiary, Ellie Mae, Inc.
(“Ellie Mae”), under the terms of the stock purchase agreement,
which was announced on August 6, 2020.
The joint book-running managers for the Notes are BofA
Securities, Inc., J.P. Morgan Securities LLC, Wells Fargo
Securities, LLC, MUFG Securities Americas Inc., Citigroup Global
Markets Inc. and Credit Suisse Securities (USA) LLC. The senior
co-managers for the Notes are BBVA Securities Inc., BMO Capital
Markets Corp., Fifth Third Securities, Inc., Mizuho Securities USA
LLC and PNC Capital Markets LLC, and the co-managers for the Notes
are Goldman Sachs & Co. LLC and SG Americas Securities,
LLC.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor will there be
any sale of any securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
The offering is being made only by means of a prospectus
supplement relating to the offering and accompanying base
prospectus previously filed with the Securities and Exchange
Commission, copies of which may be obtained for free by visiting
EDGAR on the SEC Web site at www.sec.gov or, upon request, by
contacting BofA Securities, Inc. toll-free at 1-800-294-1322 or
dg.prospectus_requests@bofa.com, J.P. Morgan Securities LLC collect
at 1‑212‑834‑4533 or Wells Fargo Securities, LLC toll-free at
1-800-645-3751 or wfscustomerservice@wellsfargo.com.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company
formed in the year 2000 to modernize markets. ICE serves customers
by operating the exchanges, clearing houses and information
services they rely upon to invest, trade and manage risk across
global financial and commodity markets. A leader in market data,
ICE Data Services serves the information and connectivity needs
across virtually all asset classes. As the parent company of the
New York Stock Exchange, the company is the premier venue for
raising capital in the world, driving economic growth and
transforming markets.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock
Exchange.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
the use of proceeds from the offering, the additional financing
sources expected to be used to fund the cash portion of the
purchase price for Ellie Mae and the expected closing date of the
offering, that are not historical facts are “forward-looking
statements” that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE’s
Annual Report on Form 10-K for the year ended December 31, 2019, as
filed with the SEC on February 6, 2020 and Quarterly Reports on
Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020,
as filed with the SEC on April 30, 2020 and July 30, 2020,
respectively.
SOURCE: Intercontinental Exchange
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20200817005691/en/
ICE Investor Relations Contact: Warren Gardiner +1 770 835 0114
warren.gardiner@theice.com
investors@theice.com
ICE Media Contact: Josh King +1 212 656 2490
josh.king@theice.com
media@theice.com
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