MSCI Launches Private Offering of $400 Million Senior Unsecured Notes Due 2030
February 19 2020 - 7:25AM
Business Wire
MSCI Inc. (NYSE: MSCI), a leading provider of critical decision
support tools and services for the global investment community,
announced today that it intends to issue $400.0 million aggregate
principal amount of senior unsecured notes due 2030 (the “notes”)
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 to redeem the
remaining $300.0 million aggregate principal amount outstanding on
its 5.250% senior unsecured notes due 2024 (the “2024 Notes”),
including related redemption costs, and for general corporate
purposes, including, without limitation, repurchases of its common
stock and potential investments and acquisitions. The notes will be
senior unsecured obligations of MSCI and will be guaranteed by MSCI
and certain of its domestic subsidiaries. This press release does
not constitute a notice of redemption with respect to the 2024
Notes.
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 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.
About MSCI Inc.
MSCI is a leading provider of critical decision support tools
and services for the global investment community. With over 45
years of expertise in research, data and technology, we power
better investment decisions by enabling clients to understand and
analyze key drivers of risk and return and confidently build more
effective portfolios. We create industry-leading research-enhanced
solutions that clients use to gain insight into and improve
transparency across the investment process.
Forward-Looking Statements
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 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 MSCI’s 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, 2019 filed with the Securities and Exchange Commission
(“SEC”) on February 18, 2020 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 MSCI’s
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.
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MSCI Inc. Investor Inquiries sallilyn.schwartz@msci.com Salli
Schwartz +1 212 804 5306
Media Inquiries PR@msci.com Sam Wang +1 212 804 5244 Melanie
Blanco +1 212 981 1049 Laura Hudson +44 20 7336 9653 Rachel Lai
+852 2844 9315
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