S&P Global Prices $2B Private Senior Notes Offering by Mobility Global Ahead of Planned Separation
S&P Global announced the pricing of a $2 billion private offering of senior notes by Mobility Global Inc., a recently formed holding company for S&P Global's Mobility division. The offering consists of three tranches: $650 million 5.050% notes due 2029, $650 million 5.450% notes due 2031, and $700 million 6.050% notes due 2036. The notes are expected to close on May 29, 2026, pending customary closing conditions. Proceeds will finance a cash payment to S&P Global as consideration for the transfer of assets and l...
Key takeaways
S&P Global prices $2 billion private senior notes offering by Mobility Global Inc. ahead of planned separation.
Three-tranche structure: $650M 5.050% notes due 2029, $650M 5.450% notes due 2031, and $700M 6.050% notes due 2036.
Notes expected to close May 29, 2026; net proceeds held in escrow until separation completion.
Proceeds fund cash payment to S&P Global for transferred assets and cover estimated fees and general corporate purposes.
Mobility Global separately entered into a $500 million senior unsecured revolving credit facility.
Notes offered privately to qualified institutional buyers under Rule 144A and Regulation S, exempt from SEC registration.
Notes to include exchange registration rights for new registered notes.
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