S&P Global Inc. (NYSE: SPGI) announced the pricing of a $2 billion private bond offering by Mobility Global Inc., a holding company for S&P Global's Mobility division ahead of a planned spinoff.

The offering consists of $650 million in 5.050% senior notes due 2029, $650 million in 5.450% senior notes due 2031, and $700 million in 6.050% senior notes due 2036. The offering is expected to close on May 29, 2026, subject to customary closing conditions.

Mobility Global has also entered into a $500 million senior unsecured revolving credit facility. The company was recently formed as a holding company for S&P Global's Mobility division, which S&P Global intends to separate through a spinoff to shareholders.

Upon completion of the separation, Mobility Global plans to use the net proceeds to finance a cash payment to S&P Global as consideration for transferring certain assets, liabilities and entities. Remaining proceeds will fund estimated fees and expenses and general corporate purposes.

Net proceeds from the offering will be deposited into escrow pending satisfaction of certain conditions related to completing the separation. The notes were offered to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.

Mobility Global describes itself as providing data and analytics across the vehicle lifecycle through brands including CARFAX, automotiveMastermind, Polk Automotive Solutions, and Market Scan. The company serves automakers, suppliers, dealer groups, media, financial institutions, and consumers.

The notes have not been registered under the Securities Act and may not be offered or sold in the United States except pursuant to an exemption from registration requirements.