MSCI $700 million notes offering
We advised MSCI on its Rule 144A / Regulation S offering of senior notes
Davis Polk advised MSCI Inc. in connection with a Rule 144A / Regulation S offering of $700 million aggregate principal amount of its 3.250% senior notes due 2033. The notes are guaranteed by certain subsidiaries of MSCI. MSCI intends to use the net proceeds from the offering for the redemption of all $500 million aggregate principal amount outstanding of its existing 5.375% senior notes due 2027, as well as for general corporate purposes (including potential purchases of common stock, investments and acquisitions).
MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data and technology, MSCI powers better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. MSCI creates industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.
The Davis Polk capital markets team included partner Richard D. Truesdell Jr., counsel Jeffrey S. Ramsay and associates Elijah D. Jenkins and Vivek Thanki. The tax team included partner Patrick E. Sigmon and associate Dov Sussman. Associate Matthew R. Silver provided 1940 Act advice. Members of the Davis Polk team are based in the New York and London offices.