NEW YORK--(BUSINESS WIRE)--
MSCI Inc. (NYSE:MSCI) ("MSCI"), a leading provider of indexes and
portfolio construction and risk management tools and services for global
investors, announced today that it priced its private offering of $500.0
million aggregate amount of 5.375% senior notes due 2027 (the "notes")
at an issue price of 100.0% to yield 5.375% (the "Offering"). The notes
were previously announced as maturing on November 2026. The final terms
of the notes provide for a maturity date of May 15, 2027. Interest on
the notes will be 5.375%, and will be payable in cash semi-annually,
beginning on November 15, 2018. The Offering is expected to settle
on May 18, 2018, subject to customary closing conditions. MSCI intends
to use the net proceeds from the Offering for general corporate
purposes, including, without limitation, buybacks of its common stock
and potential acquisitions. The notes will be senior unsecured
obligations of MSCI and will be guaranteed by MSCI and certain of its
The notes are being offered only to (i) persons reasonably believed to
be qualified institutional buyers in reliance on Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act") and (ii)
certain non-U.S. persons outside the United States pursuant to
Regulation S under the Securities Act. The notes have not been
registered under the Securities Act or any state securities laws and
therefore may not be offered or sold in the United States absent
registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state securities laws.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the notes, nor shall it constitute an
offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.
For more than 45 years, MSCI's research-based indexes and analytics have
helped the world's leading investors build and manage better portfolios.
Clients rely on our offerings for deeper insights into the drivers of
performance and risk in their portfolios, broad asset class coverage and
Our line of products and services includes indexes, analytical models,
data, real estate benchmarks and ESG research.
MSCI serves 99 of the top 100 largest money managers, according to the
most recent P&I ranking.
For more information, visit us at www.msci.com.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking 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 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 our 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, 2017 filed
with the Securities and Exchange Commission ("SEC") on February 26, 2018
and in quarterly reports on Form 10-Q and current reports on Form 8-K
filed or furnished 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 MSCI projected. Any
forward-looking statement in this press release reflects MSCI's current
views with respect to future events and is subject to these and other
risks, uncertainties and assumptions relating to MSCI's operations,
results of operations, growth strategy and liquidity. MSCI assumes 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, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180515006508/en/
Andrew Wiechmann, + 1
Wang, + 1 212-804-5244
Source: MSCI Inc.
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