Press release
Nasdaq, Inc. Announces Cash Tender Offers for Up to $200 Million Outstanding Debt Securities
NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) (“Nasdaq” or the “Company”) today announced its offers to purchase for cash up to an
About this update from Nasdaq, Inc.
[{"type":"text","content":"NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) (“Nasdaq” or the “Company”) today announced its offers to purchase for cash up to an aggregate principal amount of $200,000,000 (the “Aggregate Notes Cap”) of its outstanding Notes, comprised of (i) up to $40,000,000 aggregate principal amount (the “2028 Notes Cap”) of the Company’s 5.350% Senior Notes due 2028 (the “2028 Notes”), (ii) up to $50,000,000 aggregate principal amount (the “2034 Notes Cap”) of the Company’s 5.550% Senior Notes due 2034 (the “2034 Notes”) and (iii) up to $110,000,000 aggregate principal amount (the “2052 Notes Cap”) of the Company’s 3.950% Senior Notes due 2052 (the “2052 Notes”). The 2028 Notes, the 2034 Notes and the 2052 Notes are referred to collectively herein as the “Notes,” such offers to purchase are referred to collectively herein as the “Tender Offers” and each a “Tender Offer,” and the 2028 Notes Cap, the 2034 Notes Cap and the 2052 Notes Cap are referred to collectively herein as the “Series Notes Caps” and each a “Series Notes Cap.” Title of SecuritySecurity IdentifiersPrincipal Amount OutstandingSeries Notes CapEarly Tender Premium(1)(2)U.S. Treasury Reference Security(3)Fixed Spread(basis points)2028 Tender Offer5.350% Senior Notes due 2028CUSIP:63111X AH4ISIN:US63111XAH44$921,360,000$40,000,000$30.004.250% UST due January 15, 202845 bps2034 Tender Offer5.550% Senior Notes due 2034CUSIP:63111X AJ0ISIN:US63111XAJ00$1,187,583,000$50,000,000$30.004.250% UST due November 15, 203473 bps2052 Tender Offer3.950% Senior Notes due 2052CUSIP:631103 AM0ISIN:US631103AM02$549,105,000$110,000,000$30.004.500% UST due November 15, 205482 bps (1) Per $1,000 principal amount of Notes validly tendered on or prior to the Early Tender Date (as defined below) and accepted for purchase by the Company.(2) Does not include Accrued Interest (as defined below), which will also be payable as described below.(3) The applicable page on Bloomberg from which the dealer manager will quote the bid side price of the U.S. Treasury Security is FIT1. The Tender Offers are being made upon the terms and subject to conditions described in the Offer to Purchase, dated February 10, 2025 (as it may be amended or supplemented from time to time, the “Offer to Purchase”), which sets forth a detailed description of the Tender Offers. The Company reserves the right...