ICE prices $2.5B offering of senior notes to fund acquisition of Interactive Data

International network of exchanges and clearing houses Intercontinental Exchange Inc (NYSE:ICE) on Thursday said it priced an underwritten public offering of $2.5 billion in new senior notes, with the proceeds to be used for funding the cash part of the acquisition of Interactive Data Corporation, announced last month.

The senior notes comprise $1.25 billion in aggregate principal amount of 2.75% Senior Notes due 2020 and $1.25 billion in aggregate principal amount of 3.75% Senior Notes due 2025. The offering is set to close on November 24, 2015, subject to customary closing conditions.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, Mitsubishi UFJ Securities (USA), Inc. and Morgan Stanley & Co. LLC act as joint book-running managers for the offering. The senior co-managers for the offering are BBVA Securities Inc., BMO Capital Markets Corp., and Fifth Third Securities, Inc., and the co-managers are Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, SG Americas Securities, LLC, U.S. Bancorp Investments, Inc., Lloyds Securities Inc. and Goldman, Sachs & Co.

To view the official announcement from ICE on the senior notes pricing, click here.

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