NEW YORK--(BUSINESS WIRE)--
MSCI Inc. (NYSE:MSCI) announced today the pricing of a private offering
of $800 million aggregate amount of 5.250% senior notes due November 15,
2024 at an issue price of 100% to yield 5.250% (the "Offering"). The
Offering is expected to settle on November 20, 2014, subject to
customary closing conditions.
MSCI intends to use the net proceeds from the Offering, together with
cash on hand, to repay in full its outstanding indebtedness under its
existing senior secured term loan facility. As of September 30, 2014,
MSCI had $794.8 million of outstanding indebtedness under its existing
senior secured term loan facility. Concurrent with the settlement of the
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 of 1933, as amended (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 indexes, portfolio
risk and performance analytics, and ESG data and research. MSCI#IR
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.
MSCI, New York
Stephen Davidson, + 1-212-981-1090
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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