Nasdaq Raises Fund Via Debt Offerings To Fund Adenza Buyout
Portfolio Pulse from Lekha Gupta
Nasdaq Inc has priced a public offering of $4.25 billion and €750 million senior notes to fund the acquisition of Adenza Holdings, Inc. The proceeds will also be used to repay Adenza's and its subsidiaries' outstanding debt and related expenses. The offering is expected to close on June 28, 2022.
June 23, 2023 | 11:00 am
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NEUTRAL IMPACT
Nasdaq's stock price may be impacted by the debt offering to fund the Adenza acquisition and repay outstanding debt.
Nasdaq's stock price may be affected by the debt offering as it indicates the company's commitment to the Adenza acquisition and its strategy to repay outstanding debt. However, the short-term impact on the stock price is uncertain as it depends on investors' perception of the acquisition and debt repayment strategy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100