S&P Global Stock Price, News & Analysis

S&P Global (NYSE: SPGI) has priced its cash tender offer for all outstanding 4.400% Senior Notes due 2026, 6.550% Senior Notes due 2037, and 4.500% Senior Notes due 2048. The offer is expiring on August 14, 2020, at 5:00 p.m. ET. Eligible holders who validly tender their notes will receive a Tender Offer Consideration plus accrued interest until the Settlement Date, which is expected on August 17, 2020. The company plans to close a new offering of senior notes ahead of this date, subject to certain conditions. The tender process is managed by D.F. King & Co., with Goldman Sachs and Morgan Stanley as dealer managers.

The S&P Global Market Intelligence report highlights a significant decline in U.S. multichannel subscriptions, with a loss of 2.2 million customers in Q2 2020, totaling over 4.2 million in the first half of the year. Traditional services saw an 8.9% annual decline, while virtual services added over 850,000 subscriptions. As of the end of Q2, 87.1 million customers had multichannel subscriptions, indicating a drop in penetration below 60% for traditional services and 67.3% for combined services. The satellite segment led declines, notably at DIRECTV and AT&T.

S&P Global (NYSE: SPGI) announced its plan to redeem all outstanding 4.400% Senior Notes due 2026 following the anticipated closing of its sale of senior notes. The redemption, set for September 12, 2020, will include a make-whole premium plus accrued interest. A tender offer for the 2026 Notes expires on August 14, 2020. The company cautioned that forward-looking statements in the release are subject to risks and uncertainties that could impact actual results, advising caution in reliance on such statements.

The COVID-19 pandemic significantly accelerated digital trends in China, according to Kagan's 2020 Asia Consumer Insights Survey. Conducted in June, the survey showed that 67% of adults increased live TV viewing and 56% watched more OTT video. Social media usage surged, with 66% reporting increased time spent. E-commerce also grew, with 66% shopping online more frequently. Interest in 5G replacement for home internet reached 93%, highlighting a shift towards digital transformation as S&P Global (SPGI) aligns its strategies to meet growing customer expectations.

S&P Global (NYSE: SPGI) has priced a public offering of $600 million in 1.250% senior notes due 2030 and $700 million in 2.300% senior notes due 2060. The 2030 notes have a yield to maturity of 1.302%, while the 2060 notes yield 2.361%. Proceeds will be used primarily to purchase outstanding senior notes due in 2026, 2037, and 2048. The offering's closure is expected on August 13, 2020, and is subject to customary conditions.

S&P Global Ratings' President, John Berisford, will present at the UBS Financial Services Virtual Conference on August 12, 2020, from 10:00 a.m. to 10:40 a.m. EDT. The presentation aims to provide insights, potentially including forward-looking information. A live webcast of the event will be available on S&P Global's Investor Relations website and can be replayed later. The replay will be accessible for one month, ending on September 12, 2020.

S&P Global, a leader in credit ratings and analytics for over 160 years, continues to support capital markets globally.

S&P Global (NYSE: SPGI) has announced a public offering of two tranches of senior notes, subject to market conditions. Goldman Sachs, BofA Securities, J.P. Morgan, and Morgan Stanley will serve as joint book-running managers. The proceeds will primarily fund the purchase of outstanding senior notes due in 2026, 2037, and 2048, as well as related fees. The offering is not contingent on the tender offer's completion. This move is aimed at capital restructuring and efficient debt management.

S&P Global (NYSE: SPGI) announced a cash tender offer for its outstanding Senior Notes: 4.400% due 2026, 6.550% due 2037, and 4.500% due 2048. The tender offer seeks to purchase up to $900 million of the 2026 Notes, $297 million of the 2037 Notes, and $500 million of the 2048 Notes. The expiration time for the offer is set for 5:00 p.m. New York City time on August 14, 2020. Holders of the Notes are encouraged to review the Offer Documents for detailed terms, conditions, and tender procedures.

S&P Dow Jones Indices has completed its seventh annual review of adherence to the IOSCO Principles for Financial Benchmarks. Conducted by an independent firm, the review assesses governance, control frameworks, and operational integrity. CEO Dan Draper emphasized the importance of maintaining high standards of transparency and best practices to foster trust with clients. The results of the review are available on S&P DJI's governance website. S&P DJI, a division of S&P Global (NYSE: SPGI), is recognized as the world's leading index provider.