Davis Polk Advises MSCI Inc. on Its $500 Million Notes Offering and Amendment to Revolving Credit Agreement
Davis Polk advised MSCI Inc. in connection with a Rule 144A/Regulation S offering of $500 million aggregate principal amount of its 5.375% senior notes due 2027 and a concurrent amendment to MSCI’s revolving credit agreement. The notes are guaranteed by certain subsidiaries of MSCI. Among other things, the amendments to the revolving credit agreement increased the aggregate commitments to $250 million and extended the term to May 2023.
For more than 45 years, MSCI’s research-based indexes and analytics have helped the world’s leading investors build and manage better portfolios. MSCI’s 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.
The Davis Polk corporate team included partner Richard D. Truesdell Jr., counsel Jeffrey S. Ramsay and associate Jaryn S. Fields. The finance team included partner Sartaj Gill and counsel Darren Mahone. The tax team included partner Michael Mollerus and associate Nicole P. Field. Associate Paul S. Lee provided intellectual property and technology advice. Counsel Charles Shi provided ERISA advice. All members of the Davis Polk team are based in the New York office.