S&P Global Announces Redemption of Its Outstanding 4.400% Senior Notes Due 2026
S&P Global (NYSE: SPGI) announced its plan to redeem all outstanding 4.400% Senior Notes due 2026 following the anticipated closing of its sale of senior notes. The redemption, set for September 12, 2020, will include a make-whole premium plus accrued interest. A tender offer for the 2026 Notes expires on August 14, 2020. The company cautioned that forward-looking statements in the release are subject to risks and uncertainties that could impact actual results, advising caution in reliance on such statements.
- Intended full redemption of 4.400% Senior Notes indicates proactive debt management.
- Expected completion of previously announced sale of senior notes enhances liquidity.
- Redemption may incur make-whole premiums, impacting short-term financials.
NEW YORK, Aug. 13, 2020 /PRNewswire/ -- S&P Global (NYSE: SPGI) (the "Company") announced today that it intends to give, following today's anticipated closing of the previously announced sale of the Company's
Forward-Looking Statements: This press release contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events, trends, contingencies or results, appear at various places in this press release and use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would." For example, management may use forward-looking statements when addressing topics such as the timing for completion of the senior notes offering and the redemption of the 2026 Notes. The Company cannot give assurance that such statements will prove correct. Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among other things, risks and uncertainties described in the prospectus related to the senior notes offering and in the Company's filings with the SEC, including the "Risk Factors" section in the Company's most recently filed Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and in any subsequent document it files with the SEC. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law.
About S&P Global
S&P Global is the world's foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data, and insights on critical business factors. We've been providing essential intelligence that unlocks opportunity, fosters growth, and accelerates progress for more than 160 years. Our divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices, and S&P Global Platts.
Contact:
Investor Relations:
Chip Merritt
Senior Vice President, Investor Relations
(212) 438-4321 (office)
chip.merritt@spglobal.com
News Media:
David Guarino
Chief Communications Officer
(212) 438-1471 (office)
dave.guarino@spglobal.com
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SOURCE S&P Global
FAQ
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