MSCI Inc. Repays an Additional $150 Million of Debt
NEW YORK, Apr 16, 2010 (BUSINESS WIRE) -- MSCI Inc. (NYSE: MXB), a leading global provider of investment decision support tools, including indices and portfolio risk and performance analytics, today announced that it had utilized its excess cash and cash equivalents and short-term investments to prepay $150.0 million of its existing term loan facilities. Approximately $61.0 million was paid on its existing term loan A facility and $89.0 million was paid on its existing term loan B facility.
The debt repayment announced today comes in addition to the prepayment on April 1, 2010 of $147.0 million of its existing term loan facilities. In total, approximately $120.5 million has been paid on the company's existing term loan A facility and $176.5 million has been paid on its existing term loan B facility. After these payments, MSCI Inc has approximately $72.9 million in principal remaining outstanding on its term loan facilities.
About MSCI Inc.
MSCI Inc. is a leading provider of investment decision support tools to investment institutions worldwide. MSCI Inc. products include indices and portfolio risk and performance analytics for use in managing equity, fixed income and multi-asset class portfolios.
The Company's flagship products are the MSCI International Equity Indices, which include over 120,000 indices calculated daily across more than 70 countries, and the Barra risk models and portfolio analytics, which cover 56 equity and 46 fixed income markets. MSCI Inc. is headquartered in New York, with research and commercial offices around the world. MXB#IR
For further information on MSCI Inc. or our products please visit www.mscibarra.com.
SOURCE: MSCI Inc.
MSCI Inc. Contact:
Edings Thibault, MSCI, New York, + 1.866.447.7874
or
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