NEW YORK--(BUSINESS WIRE)--
MSCI Inc. (NYSE:MSCI) announced today that it is proposing to issue $800
million aggregate amount of senior notes due 2024 in a private offering
that is exempt from the registration requirements of the Securities Act
of 1933, as amended (the "Securities Act"). The proposed offering is
subject to market and other conditions.
If the offering is successfully placed, MSCI intends to use the net
proceeds from the offering, together with cash on hand, to repay in full
its $794.8 million outstanding indebtedness under its senior secured
term loan facility. Concurrent with this offering, MSCI intends to enter
into a new 5-year $200 million unsecured revolving credit facility.
The notes are being offered only to qualified institutional buyers in
reliance on Rule 144A under the Securities Act and outside the United
States only to non-U.S. investors pursuant to Regulation S. The notes
have not been registered under the Securities Act and may not be offered
or sold in the United States absent registration or an applicable
exemption from the registration requirements of the Securities Act. 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.
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.
For further information on MSCI, please visit our website at www.msci.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. 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, 2013 filed
with the Securities and Exchange Commission ("SEC") on February 28,
2014, and in quarterly reports on Form 10-Q and current reports on Form
8-K filed with the SEC, and may also include the risks and uncertainties
associated with a failure to consummate or a delay in the consummation
of the proposed transaction, including as a result of a failure to
satisfy the conditions to closing in a timely manner or at all. 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 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.
MSCI Inc.
W. Edings Thibault, +1 212-804-5273
or
Media
Inquiries:
MSCI, London
Jo Morgan, +44 20 7618-2224
or
MSCI,
New York
Kristin Meza, +1 212-804-5330
or
MHP
Communications, London
Sally Todd, +44 20 3128-8100
or
Christian
Pickel, +44 20 3128-8100
Source: MSCI Inc.
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