NEW YORK--(BUSINESS WIRE)--
MSCI Inc. (NYSE: MSCI), a leading provider of investment decision
support tools worldwide, including indices, portfolio risk and
performance analytics and corporate governance services, announced its
intention to launch a partial refinancing of its outstanding Senior
Secured Term Loan B Facility.
MSCI is seeking to obtain a new $600 million 5-Year Term Loan A
Facility, the proceeds of which, together with $206 million of cash on
hand, it expects to use to repay up to $800 million of the existing
Senior Secured Term Loan B Facility and pay related fees and expenses.
MSCI is also seeking to extend the maturity of its $100 million Senior
Secured Revolving Facility and amend certain covenants in the credit
agreement governing the facilities. There can be no assurance that MSCI
will be able to obtain the new facility, the maturity extension or the
covenant amendments.
Morgan Stanley MUFG Loan Partners, LLC (acting through Morgan Stanley
Senior Funding, Inc. and The Bank of Tokyo Mitsubishi UFJ, Ltd.) and
J.P. Morgan Securities LLC will be Joint Lead Arrangers and the Joint
Bookrunners on the transaction.
About MSCI
MSCI Inc. is a leading provider of investment decision support tools to
investors globally, including asset managers, banks, hedge funds and
pension funds. MSCI products and services include indices, portfolio
risk and performance analytics, and governance tools.
The company's flagship product offerings are: the MSCI indices with
approximately USD 7 trillion estimated to be benchmarked to them on a
worldwide basis1; Barra multi-asset class factor models,
portfolio risk and performance analytics; RiskMetrics multi-asset class
market and credit risk analytics; MSCI ESG (environmental, social and
governance) Research screening, analysis and ratings; ISS governance
research and outsourced proxy voting and reporting services; FEA
valuation models and risk management software for the energy and
commodities markets; and CFRA forensic accounting risk research,
legal/regulatory risk assessment, and due‐diligence. MSCI is
headquartered in New York, with research and commercial offices around
the world. MSCI#IR
1As of June 30, 2011, based on eVestment, Lipper
and Bloomberg data.
Forward-Looking Statements
This press release contains forward-looking statements. These statements
relate to future events or to future financial performance and involve
known and unknown risks, uncertainties and other factors that may cause
our actual results, levels of activity, performance, or achievements to
be materially different from any future results, levels of activity,
performance, or achievements expressed or implied by these
forward-looking statements. In some cases, you can identify
forward-looking statements by the use of words such as "may," "could,"
"expect," "intend," "plan," "seek," "anticipate," "believe," "estimate,"
"predict," "potential," or "continue", or the negative of these terms or
other comparable terminology. You should not place undue reliance on
forward-looking statements because they involve known and unknown risks,
uncertainties and other factors that are, in some cases, beyond our
control and that could materially affect actual results, levels of
activity, performance, or achievements.
Other factors that could materially affect actual results, levels of
activity, performance or achievements can be found in MSCI's Annual
Report on Form 10-K for the fiscal year ended December 31, 2011 and
filed with the Securities and Exchange Commission (SEC) on February 29,
2012, and in quarterly reports on Form 10-Q and current reports on Form
8-K filed with the SEC. If any of these risks or uncertainties
materialize, or if our underlying assumptions prove to be incorrect,
actual results may vary significantly from what we projected. Any
forward-looking statement in this release reflects our current views
with respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to our operations, results of
operations, growth strategy and liquidity. We assume no obligation to
publicly update or revise these forward-looking statements for any
reason, whether as a result of new information, future events, or
otherwise.
MSCI Inc.:
MSCI, New York
Edings Thibault, +1-212-804-5273
or
For
media inquiries:
Abernathy MacGregor, New York
Patrick
Clifford, +1-212-371-5999
or
MHP Communications, London
Sally
Todd or Kristy Fitzpatrick, +44-20-3128-8100
Source: MSCI Inc.
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