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 today
its intention to seek repricing of its existing $1.2 billion senior
secured term loan, maturing in 2016, to benefit from lower interest
rates currently available in the senior secured debt markets and to
amend certain covenants in its senior secured credit facility. In
connection with the repricing, the existing term loan would be replaced
with a $1.125 billion senior secured term loan, and MSCI would prepay
approximately $90 million of the existing term loan.
The company anticipates the repricing process will be completed in the
next two weeks. However, there can be no assurance that the company will
be able to effect the repricing.
Morgan Stanley Senior Funding, Inc. will be Sole Lead Arranger and Joint
Bookrunner on the proposed repricing, along with BofA Merrill Lynch
(Joint Bookrunner) and UBS Securities LLC (Co-Manager).
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 which
include almost 150,000 daily indices covering more than 70 countries;
Barra portfolio risk and performance analytics covering global equity
and fixed income markets; RiskMetrics market and credit risk analytics;
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
For further information on MSCI, please visit our web site at www.msci.com
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 November 30, 2010 and
filed with the Securities and Exchange Commission (SEC) on January 31,
2011, 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, New York
Edings Thibault, + 1-866-447-7874
or
Media
Enquiries:
MHP Communications, London
Sally Todd | Kirsty
Fitzpatrick, + 44.20.3128.8100
or
Abernathy MacGregor, New York
Kenny
Juarez | Patrick Clifford, + 1-212-371-5999
Source: MSCI Inc.
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