Form 8-K S&P Global Inc. For: Mar 04
Exhibit 99.1
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55 Water Street New York, NY 10041 www.spglobal.com Press Release For Immediate Release |
S&P Global Announces Proposed Offering of Senior Notes
NEW YORK, March 4, 2022 S&P Global (NYSE: SPGI) (the Company or S&P Global) today announced that it is commencing an offering, subject to market conditions, of five tranches of senior notes with varying maturities (the New Notes) in a private placement transaction (the Offering). Each series of notes will be unsecured obligations of the Company and will be guaranteed by its subsidiary, Standard & Poors Financial Services LLC.
The Company intends to use the net proceeds from the Offering, together with cash on hand if and to the extent necessary, to (i) pay the purchase price for, and accrued and unpaid interest on, any and all of the Companys outstanding 5.000% senior notes due 2022 (the 2022 Notes), its 4.000% senior notes due 2025 (the 4.000% 2025 Notes) and its 4.750% senior notes due 2025 (the 4.750% 2025 Notes and, together with the 2022 Notes and the 4.000% 2025 Notes, the Tender Offer Notes) validly tendered (and not validly withdrawn) and accepted for purchase pursuant to a cash tender offer (the Tender Offer) announced separately today, and to pay related fees and expenses in connection with the Tender Offer, and (ii) redeem (the Redemption) all of the Companys outstanding 4.125% senior notes due 2023, its 3.625% senior notes due 2024 and its 4.000% senior notes due 2026 (collectively, the Redemption Notes), as announced separately today. Completion of the Offering is not contingent upon completion of the Tender Offer or the Redemption. Completion of the Tender Offer and the Redemption is contingent upon completion of the Offering. To the extent that all of the outstanding Tender Offer Notes are not tendered and purchased in the Tender Offer, the Company may, but is not obligated to, use a portion of any remaining net proceeds from the Offering to redeem all or a portion of the remaining Tender Offer Notes.
The New Notes will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act) and outside the United States pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act and, unless so registered, may not be offered or sold in the United States absent an applicable exemption from registration requirements.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Companys notes, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Any offer of the notes will be made only by means of an offering memorandum.
The information in this notice does not constitute a notice of redemption for any of the Redemption Notes or Tender Offer Notes.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.
We are widely sought after by many of the worlds leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the worlds leading organizations plan for tomorrow, today.
Investor Relations:
Mark Grant
Senior Vice President, Investor Relations
Tel: +1 347 640 1521
Media:
Ola Fadahunsi
Tel: +1 332-210-9935
Christopher Krantz
+44 7976 632 638
Forward-Looking Statements:
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, which are based on current expectations, estimates and projections about future business and operating results, the industry and markets in which the Company operates and beliefs of and assumptions made by the Companys management, involve uncertainties that could significantly affect the financial or operating results of the Company. Words such as expects, anticipates, intends, plans, believes, seeks, will, should, may, projects, could, would, target, estimates or variations of such words and other similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature, but not all forward-looking statements include such identifying words. For example, management may use forward-looking statements when addressing topics such as whether the Offering will be completed, the anticipated use of net proceeds from the Offering, the outcome of the Tender Offer and any redemption of the Redemption Notes or Tender Offer Notes.
These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in such forward-looking statements. We can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. For example, these forward-looking statements could be affected by factors including, without limitation, risks associated with: (i) uncertainty relating to the impact of the integration of the businesses of the Company and IHS Markit Ltd. (IHS Markit), including potential adverse reactions or changes to business relationships resulting from the integration and increased cyber risks during the integration; (ii) the ability of the Company to successfully integrate IHS Markits operations and retain and hire key personnel; (iii) the ability of the Company to implement its plans, forecasts and other expectations, including with respect to IHS Markits business and to realize expected synergies; (iv) business disruption
following the transaction with IHS Markit; (v) economic, financial, political and regulatory conditions, in the United States and elsewhere, and other factors that contribute to uncertainty and volatility, including the United Kingdoms withdrawal from the European Union, natural and man-made disasters, civil unrest, pandemics (e.g., COVID-19 and its variants (the COVID-19 pandemic)), geopolitical uncertainty, and conditions that may result from legislative, regulatory, trade and policy changes associated with the current U.S. administration; (vi) the ability of the Company to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, pandemic, security breach, cyber-attack, data breach, power loss, telecommunications failure or other natural or man-made event, including the ability to function remotely during long-term disruptions such as the COVID-19 pandemic; (vii) the impact of public health crises, such as pandemics (including the COVID-19 pandemic) and epidemics and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets, including any quarantine, shelter in place, stay at home, workforce reduction, social distancing, shut down or similar actions and policies; (viii) the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; (ix) changes in debt and equity markets, including credit quality and spreads; (x) demand for investment products that track indices and assessments, and trading volumes of certain exchange-traded derivatives; (xi) changes in financial markets, capital, credit and commodities markets and interest rates; (xii) the possibility that the integration of IHS Markit may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (xiii) the parties ability to meet expectations regarding the accounting and tax treatments of the proposed transaction; (xiv) the outcome of the Offering, the Tender Offer; and (xv) those additional risks and factors discussed in reports filed with the Securities and Exchange Commission by the Company from time to time, including those discussed under the heading Risk Factors in the Companys most recently filed Annual Report on Form 10-K. While the list of factors presented here is considered representative, this list should not be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on the Companys consolidated financial condition, results of operations, credit rating or liquidity. Except to the extent required by applicable law or regulation, the Company disclaims any duty to update any forward-looking statements contained in this communication or to otherwise update any of the above-referenced factors.
Exhibit 99.2
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55 Water Street New York, NY 10041 www.spglobal.com Press Release For Immediate Release |
S&P Global Announces Pricing of Offering of
$1,250,000,000 Senior Notes due 2027, $1,250,000,000 Sustainability-Linked Senior Notes due 2029,
$1,500,000,000 Senior Notes due 2032, $1,000,000,000 Senior Notes due 2052 and $500,000,000
Senior Notes due 2062
NEW YORK, March 4, 2022 S&P Global (NYSE: SPGI) (the Company or S&P Global) today announced that it has priced an offering (the Offering) of $1,250,000,000 aggregate principal amount of 2.450% senior notes due 2027 (the 2027 Notes), $1,250,000,000 aggregate principal amount of 2.700% sustainability-linked senior notes due 2029 (the Sustainability-Linked Notes), $1,500,000,000 aggregate principal amount of 2.900% senior notes due 2032 (the 2032 Notes), $1,000,000,000 aggregate principal amount of 3.700% senior notes due 2052 (the 2052 Notes) and $500,000,000 aggregate principal amount of 3.900% senior notes due 2062 (the 2062 Notes and, together with the 2027 Notes, the Sustainability-Linked Notes, the 2032 Notes and the 2052 Notes, the New Notes) in a private placement transaction pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the Securities Act).
The 2027 Notes will bear interest at a rate of 2.450% per annum and will mature on March 1, 2027. The Sustainability-Linked Notes will bear interest at a rate of 2.700% per annum, and are subject to a 25 basis point per annum increase in interest rate beginning March 1, 2026 unless the Company achieves certain sustainability performance targets by December 31, 2025, and will mature on March 1, 2029. The 2032 Notes will bear interest at a rate of 2.900% per annum and will mature on March 1, 2032. The 2052 Notes will bear interest at a rate of 3.700% per annum and will mature on March 1, 2052. The 2062 Notes will bear interest at a rate of 3.900% per annum and will mature on March 1, 2062. The New Notes will pay interest semi-annually in cash in arrears on March 1 and September 1 of each year, beginning on September 1, 2022. Each series of New Notes will be unsecured obligations of the Company and will be guaranteed by its subsidiary, Standard & Poors Financial Services LLC. The closing of the sale of the New Notes is expected to occur on or about March 18, 2022, subject to customary closing conditions.
The Company intends to use the net proceeds from the Offering, together with cash on hand if and to the extent necessary, to (i) pay the purchase price for, and accrued and unpaid interest on, any and all of the Companys outstanding 5.000% senior notes due 2022 (the 2022 Notes), its 4.000% senior notes due 2025 (the 4.000% 2025 Notes) and its 4.750% senior notes due 2025 (the 4.750% 2025 Notes and, together with the 2022 Notes and the 4.000% 2025 Notes, the Tender Offer Notes) validly tendered (and not validly withdrawn) and accepted for purchase pursuant to its previously announced cash tender offer (the Tender Offer), and to pay related fees and expenses in connection with the Tender Offer, and (ii) redeem (the Redemption) all of the Companys outstanding 4.125% senior notes due 2023, its 3.625% senior notes due 2024 and its 4.000% senior notes due 2026 (collectively, the Redemption Notes). Completion of the Offering is not contingent upon completion of the Tender Offer or the Redemption. Completion of the Tender Offer and the Redemption is contingent upon completion of the Offering. To the extent that all of the outstanding Tender Offer Notes are not tendered and purchased in the Tender Offer, the Company may, but is not obligated to, use a portion of any remaining net proceeds from the Offering to redeem all or a portion of the remaining Tender Offer Notes.
The New Notes will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act and, unless so registered, may not be offered or sold in the United States absent an applicable exemption from registration requirements.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Companys notes, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Any offer of the notes will be made only by means of an offering memorandum.
The information in this notice does not constitute a notice of redemption for any of the Redemption Notes or Tender Offer Notes.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.
We are widely sought after by many of the worlds leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the worlds leading organizations plan for tomorrow, today.
Investor Relations:
Mark Grant
Senior Vice President, Investor Relations
Tel: +1 347 640 1521
Media:
Ola Fadahunsi
Tel: +1 332-210-9935
Christopher Krantz
+44 7976 632 638
Forward-Looking Statements:
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, which are based on current expectations, estimates and projections about future business and operating results, the industry and markets in which the Company operates and beliefs of and assumptions made by the Companys management, involve uncertainties that could significantly affect the financial or operating results of the Company. Words such as expects, anticipates, intends, plans, believes, seeks, will,
should, may, projects, could, would, target, estimates or variations of such words and other similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature, but not all forward-looking statements include such identifying words. For example, management may use forward-looking statements when addressing topics such as whether the Offering will be completed, the anticipated use of net proceeds from the Offering, the outcome of the Tender Offer and any redemption of the Redemption Notes or Tender Offer Notes.
These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in such forward-looking statements. We can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. For example, these forward-looking statements could be affected by factors including, without limitation, risks associated with: (i) uncertainty relating to the impact of the integration of the businesses of the Company and IHS Markit Ltd. (IHS Markit), including potential adverse reactions or changes to business relationships resulting from the integration and increased cyber risks during the integration; (ii) the ability of the Company to successfully integrate IHS Markits operations and retain and hire key personnel; (iii) the ability of the Company to implement its plans, forecasts and other expectations, including with respect to IHS Markits business and to realize expected synergies; (iv) business disruption following the transaction with IHS Markit; (v) economic, financial, political and regulatory conditions, in the United States and elsewhere, and other factors that contribute to uncertainty and volatility, including the United Kingdoms withdrawal from the European Union, natural and man-made disasters, civil unrest, pandemics (e.g., COVID-19 and its variants (the COVID-19 pandemic)), geopolitical uncertainty, and conditions that may result from legislative, regulatory, trade and policy changes associated with the current U.S. administration; (vi) the ability of the Company to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, pandemic, security breach, cyber-attack, data breach, power loss, telecommunications failure or other natural or man-made event, including the ability to function remotely during long-term disruptions such as the COVID-19 pandemic; (vii) the impact of public health crises, such as pandemics (including the COVID-19 pandemic) and epidemics and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets, including any quarantine, shelter in place, stay at home, workforce reduction, social distancing, shut down or similar actions and policies; (viii) the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; (ix) changes in debt and equity markets, including credit quality and spreads; (x) demand for investment products that track indices and assessments, and trading volumes of certain exchange-traded derivatives; (xi) changes in financial markets, capital, credit and commodities markets and interest rates; (xii) the possibility that the integration of IHS Markit may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (xiii) the parties ability to meet expectations regarding the accounting and tax treatments of the proposed transaction; (xiv) the outcome of the Offering, the Tender Offer; and (xv) those additional risks and factors discussed in reports filed with the Securities and Exchange Commission by the Company from time to time, including those discussed under the heading Risk Factors in the Companys most recently filed Annual Report on Form 10-K. While the list of factors presented here is considered representative, this list should not be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on the Companys consolidated financial condition, results of operations, credit rating or liquidity. Except to the extent required by applicable law or regulation, the Company disclaims any duty to update any forward-looking statements contained in this communication or to otherwise update any of the above-referenced factors.
Exhibit 99.3
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55 Water Street New York, NY 10041 www.spglobal.com Press Release For Immediate Release |
S&P Global Announces Tender Offer for Any and All of Its Outstanding
5.000% Senior Notes Due 2022, 4.000% Senior Notes Due 2025 and 4.750% Senior Notes due 2025
NEW YORK, March 4, 2022 S&P Global (NYSE: SPGI) (the Company) announced today that it has commenced a cash tender offer for any and all of its outstanding 5.000% Senior Notes due 2022 (the 2022 Notes), 4.000% Senior Notes due 2025 (the 4.000% 2025 Notes) and 4.750% Senior Notes due 2025 (the 4.750% 2025 Notes and, together with the 2022 Notes and the 4.000% 2025 Notes, the Notes), on the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof (the Offer to Purchase). The Notes are guaranteed by the Companys subsidiary, Standard & Poors Financial Services LLC. The tender offer is referred to as the Offer.
Certain information regarding the Notes and the pricing for the Offer is set forth in the table below.
| Title of Security |
CUSIP Numbers / ISINs |
Principal Amount Outstanding |
U.S. Treasury Reference Security |
Bloomberg Reference Page |
Fixed Spread |
Early Tender Payment |
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| 5.000% Senior Notes due 2022* |
78409VAT1/ US78409VAT17, U75091AF2/ |
$ | 734,098,000 | UST 0.125% due July 31, 2022 |
FIT3 | T + 50 bps | $ | 30 | ||||||||
| 4.000% Senior Notes due 2025 |
78409VAD6/ US78409VAD64, 78409VAC8/ US78409VAC81, U75091AA3/ USU75091AA37 |
$ | 700,000,000 | UST 0.25% due May 31, 2025 |
FIT5 | T + 30 bps | $ | 30 | ||||||||
| 4.750% Senior Notes due 2025* |
78409VAW4 / US78409VAW46, U75091AJ4/ |
$ | 795,818,000 | UST 0.75% due November 15, 2024 |
FIT5 | T + 50 bps | $ | 30 | ||||||||
| * | Denotes a series of Notes for which the calculation of the applicable Total Consideration will be performed using the value of such Notes as determined at the Price Determination Date as if the principal amount of such Notes had been due on the applicable par call date. |
Holders must validly tender (and not validly withdraw) their Notes at or before the Expiration Time (as defined below) in order to be eligible to receive the applicable Tender Offer Consideration (as defined below). Holders of any Notes that are validly tendered prior to or at the applicable Early Tender Time (as defined below) and that are accepted for purchase will receive the applicable Total Consideration (as defined below). In addition, holders whose Notes are purchased in the Offer will receive accrued and unpaid interest from the last interest payment date to, but not including, the Early Settlement Date or the Final Settlement Date, as applicable (each as defined in the Offer to Purchase) for the applicable Notes.
The Company expects the Early Settlement Date to occur on March 21, 2022, the second business day after the Early Tender Time. The Company expects the Final Settlement Date to occur on April 4, 2022.
The last time and day for Holders to tender Notes in order to be able to receive the Total Consideration is 5:00 p.m. New York City time on March 17, 2022 (such time and date, as it may be extended, the Early Tender Time), unless extended or earlier terminated by the Company. The Offer will expire at 11:59 p.m., New York City time, on March 31, 2022 (such time and date, as it may be extended, the Expiration Time), unless extended or earlier terminated by the Company. Tendered Notes may be withdrawn at any time at or before the Early Tender Time by following the procedures described in the Offer to Purchase.
The Companys obligation to accept for purchase and to pay for Notes validly tendered and not validly withdrawn pursuant to the Offer is subject to the satisfaction or waiver, in the Companys discretion, of certain conditions, which are more fully described in the Offer to Purchase, including, among others, the Companys successful completion of an offering of its new senior notes separately announced today. The complete terms and conditions of the Offer are set forth in the Offer to Purchase. Holders of the Notes are urged to read the Offer to Purchase carefully.
The applicable Total Consideration for each $1,000 principal amount of Notes validly tendered and not validly withdrawn and accepted for purchase pursuant to the Offer will be determined in the manner described in the Offer to Purchase by reference to the applicable fixed spread for such Notes specified in the table above plus the yield based on the bid-side price of the applicable U.S. Treasury Reference Security specified in the table above at 10:00 a.m., New York City time, on March 18, 2022, unless extended. Holders of any Notes that are validly tendered after the applicable Early Tender Time but prior to or at the Expiration Time and that are accepted for purchase will receive the applicable Total Consideration minus an amount in cash as set forth above under the heading Early Tender Payment. The applicable Total Consideration minus the applicable Early Tender Payment is referred to as the Tender Offer Consideration.
To the extent that all of the outstanding Notes are not tendered and purchased in the Offer, the Company intends, but is not obligated, to use a portion of any remaining net proceeds from its contemplated offering of new senior notes to redeem all or a portion of the remaining Notes.
The Company has retained D.F. King & Co., Inc. (D.F. King) as the tender agent and information agent for the Offer. The Company has retained Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Mizuho Securities USA LLC as dealer managers for the Offer.
Holders who would like additional copies of the Offer to Purchase may call or email the information agent, D.F. King at (877) 864-5060 or [email protected]. Copies of the Offer to Purchase are also available at the following website: www.dfking.com/spgi. Questions regarding the terms of the Offer should be directed to Goldman Sachs & Co. LLC at 200 West Street, New York, NY 10282, telephone (800) 828-3182 (toll-free), (212) 902-6351 (collect), Attn: Liability Management, J.P. Morgan Securities LLC at 383 Madison Avenue, New York, NY 10179, telephone: (866) 834-4666 (toll-free), (212) 834-4045 (collect) or Mizuho Securities USA LLC at 1271 Avenue of the Americas, New York, NY 10020, telephone (866) 271-7403 (toll-free), (212) 205-7736 (collect).
This press release shall not constitute an offer to buy or a solicitation of an offer to sell any Notes. The Offer is being made solely pursuant to the Offer to Purchase. The Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Offer to be made by a licensed broker or dealer, the Offer will be deemed to be made on behalf of the Company by Goldman Sachs & Co. LLC, J.P. Morgan Securities. LLC, Mizuho Securities USA LLC or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.
We are widely sought after by many of the worlds leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the worlds leading organizations plan for tomorrow, today.
Contact:
Investor Relations:
Mark Grant
Senior Vice President, Investor Relations
Tel: + 1 347 640 1521
Media:
Ola Fadahunsi
Tel: +1 332-210-9935
Christopher Krantz
+44 7976 632 638
Forward-Looking Statements:
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, which are based on current expectations, estimates and projections about future business and operating results, the industry and markets in which the Company operates and beliefs of and assumptions made by the Companys management, involve uncertainties that could significantly affect the financial or operating results of the Company. Words such as expects, anticipates, intends, plans, believes, seeks, will, should, may, projects, could, would, target, estimates or variations of such words and other similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature, but not all forward-looking statements include such identifying words. For example, management may use forward-looking statements when addressing topics such as the outcome of the Offer and any redemption of Notes.
These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in such forward-looking statements. We can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. For example, these forward-looking statements could be affected by factors including, without limitation, risks associated with: (i) uncertainty relating to the impact of the integration of the businesses of the Company and IHS Markit Ltd. (IHS Markit), including potential adverse reactions or changes to business relationships resulting from the integration and increased cyber risks during the integration; (ii) the ability of the Company to successfully integrate IHS Markits operations and retain and hire key personnel; (iii) the ability of the Company to implement its plans, forecasts and other expectations, including with respect to IHS Markits business and to realize expected synergies; (iv) business disruption following the transaction with IHS Markit; (v) economic, financial, political and regulatory conditions, in the United States and elsewhere, and other factors that contribute to uncertainty and volatility, including the United Kingdoms withdrawal from the European Union, natural and man-made disasters, civil unrest, pandemics (e.g., COVID-19 and its variants (the COVID-19 pandemic)), geopolitical uncertainty, and conditions that may result from legislative, regulatory, trade and policy changes associated with the current U.S. administration; (vi) the ability of the Company to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, pandemic, security breach, cyber-attack, data breach, power loss, telecommunications failure or other natural or man-made event, including the ability to function remotely during long-term disruptions such as the COVID-19 pandemic; (vii) the impact of public health crises, such as pandemics (including the COVID-19 pandemic) and epidemics and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets, including any quarantine, shelter in place, stay at home, workforce reduction, social distancing, shut down or similar actions and policies; (viii) the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; (ix) changes in debt and equity markets, including credit quality and spreads; (x) demand for investment products that track indices and assessments, and trading volumes of certain exchange-traded derivatives; (xi) changes in financial markets, capital, credit and commodities markets and interest rates; (xii) the possibility that the integration of IHS Markit may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (xiii) the parties ability to meet expectations regarding the accounting and tax treatments of the proposed transaction; (xiv) the outcome of the Offer; and (xv) those additional risks and factors discussed in reports filed with the Securities and Exchange Commission by the Company from time to time, including those discussed under the heading Risk Factors in the Companys most recently filed Annual Report on Form 10-K. While the list of factors presented here is considered representative, this list should not be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on the Companys consolidated financial condition, results of operations, credit rating or liquidity. Except to the extent required by applicable law or regulation, the Company disclaims any duty to update any forward-looking statements contained in this communication or to otherwise update any of the above-referenced factors.
Exhibit 99.4
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55 Water Street New York, NY 10041 www.spglobal.com Press Release For Immediate Release |
S&P Global Announces Redemption of Its Outstanding 4.125% Senior Notes due 2023, 3.625%
Senior Notes due 2024 and 4.000% Senior Notes due 2026
NEW YORK, March 4, 2022 S&P Global (NYSE: SPGI) (the Company) announced today that it has delivered a conditional notice of redemption (the Notice) to the trustee of the Companys 4.125% Senior Notes due 2023 (the 2023 Notes) (CUSIP Nos. 78409V AU8 and U75091 AG0 and ISINs US78409VAU89 and USU75091AG07), 3.625% Senior Notes due 2024 (the 2024 Notes) (CUSIP Nos. 78409V AV6 and U75091 AH8 and ISINs US78409VAV62 and USU75091AH89) and 4.000% Senior Notes due 2026 (the 2026 Notes and, collectively with the f2023 Notes and the 2024 Notes, the Notes) (CUSIP Nos. 78409V AX2 and U75091 AK1 and ISINs US78409VAX29 and USU75091AK19).
The Notice calls for the redemption of all of the outstanding $1.3 billion aggregate principal amount of the Notes (the Redemption) on March 19, 2022, in the case of the 2023 Notes and the 2024 Notes, and March 24, 2022, in the case of the 2026 Notes (each, a Redemption Date). The redemption price for each series of the Notes will be equal to the outstanding principal amount of such series of the Notes plus a make-whole premium determined in accordance with the terms of such series of the Notes, plus accrued and unpaid interest thereon, to, but excluding, the applicable Redemption Date. The Redemption will be conditioned upon, among other requirements, the Companys successful completion of an offering of its new senior notes separately announced today (the Offering).
This press release shall not constitute a notice of redemption of the Notes. Information concerning the terms and conditions of the Redemption is described in the notices distributed to holders of the Notes by the trustee under the indenture governing the Notes. This press release shall not constitute an offer to buy or a solicitation of an offer to sell any Notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.
We are widely sought after by many of the worlds leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the worlds leading organizations plan for tomorrow, today.
Contact:
Investor Relations:
Mark Grant
Senior Vice President, Investor Relations
Tel: + 1 347 640 1521
Media:
Ola Fadahunsi
Tel: +1 332-210-9935
Christopher Krantz
+44 7976 632 638
Forward-Looking Statements:
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, which are based on current expectations, estimates and projections about future business and operating results, the industry and markets in which the Company operates and beliefs of and assumptions made by the Companys management, involve uncertainties that could significantly affect the financial or operating results of the Company. Words such as expects, anticipates, intends, plans, believes, seeks, will, should, may, projects, could, would, target, estimates or variations of such words and other similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature, but not all forward-looking statements include such identifying words. For example, management may use forward-looking statements when addressing topics such as the outcome of the Redemption or the Offering.
These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in such forward-looking statements. We can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. For example, these forward-looking statements could be affected by factors including, without limitation, risks associated with: (i) uncertainty relating to the impact of the integration of the businesses of the Company and IHS Markit Ltd. (IHS Markit), including potential adverse reactions or changes to business relationships resulting from the integration and increased cyber risks during the integration; (ii) the ability of the Company to successfully integrate IHS Markits operations and retain and hire key personnel; (iii) the ability of the Company to implement its plans, forecasts and other expectations, including with respect to IHS Markits business and to realize expected synergies; (iv) business disruption following the transaction with IHS Markit; (v) economic, financial, political and regulatory conditions, in the United States and elsewhere, and other factors that contribute to uncertainty and volatility, including the United Kingdoms withdrawal from the European Union, natural and man-made disasters, civil unrest, pandemics (e.g., COVID-19 and its variants (the COVID-19 pandemic)), geopolitical uncertainty, and conditions that may result from legislative, regulatory, trade and policy changes associated with the
current U.S. administration; (vi) the ability of the Company to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, pandemic, security breach, cyber-attack, data breach, power loss, telecommunications failure or other natural or man-made event, including the ability to function remotely during long-term disruptions such as the COVID-19 pandemic; (vii) the impact of public health crises, such as pandemics (including the COVID-19 pandemic) and epidemics and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets, including any quarantine, shelter in place, stay at home, workforce reduction, social distancing, shut down or similar actions and policies; (viii) the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; (ix) changes in debt and equity markets, including credit quality and spreads; (x) demand for investment products that track indices and assessments, and trading volumes of certain exchange-traded derivatives; (xi) changes in financial markets, capital, credit and commodities markets and interest rates; (xii) the possibility that the integration of IHS Markit may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (xiii) the parties ability to meet expectations regarding the accounting and tax treatments of the proposed transaction; (xiv) the outcome of the Redemption of the Offering; and (xv) those additional risks and factors discussed in reports filed with the Securities and Exchange Commission by the Company from time to time, including those discussed under the heading Risk Factors in the Companys most recently filed Annual Report on Form 10-K. While the list of factors presented here is considered representative, this list should not be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on the Companys consolidated financial condition, results of operations, credit rating or liquidity. Except to the extent required by applicable law or regulation, the Company disclaims any duty to update any forward-looking statements contained in this communication or to otherwise update any of the above-referenced factors.
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