S&P Global Stock Price, News & Analysis

S&P Global (NYSE: SPGI) announced a conditional notice of redemption for $1.3 billion of its Senior Notes, including 4.125% Notes due 2023, 3.625% due 2024, and 4.000% due 2026. The redemption is set for March 19 and March 24, 2022, respectively, contingent upon completing a new senior notes offering. The redemption price will include the outstanding principal, a make-whole premium, and accrued interest. This press release does not serve as an official notice of redemption.

S&P Global (NYSE: SPGI) has initiated a cash tender offer for all of its outstanding Senior Notes, including 5.000% Senior Notes due 2022, 4.000% Senior Notes due 2025, and 4.750% Senior Notes due 2025. The total principal amount outstanding for these notes is $734 million, $700 million, and $796 million, respectively. The early tender deadline is set for March 17, 2022, while the final deadline is March 31, 2022. The Offer is contingent upon the successful completion of a separate new senior notes offering. Detailed pricing and terms are available in the Offer to Purchase document.

S&P Global (NYSE: SPGI) announced a proposed offering of five tranches of senior notes in a private placement, subject to market conditions. These unsecured notes will be guaranteed by Standard & Poor's Financial Services LLC. The net proceeds will be used to repurchase outstanding senior notes and to cover related fees. The offering will be conducted in compliance with the Securities Act under applicable regulations. Completion of this offering is not contingent upon the completion of a separate tender offer or redemption of existing notes.

S&P Dow Jones Indices revealed that job listings at S&P 500 companies rose by 3.8% year-to-date as of February 21, 2022. The Utilities, Energy, and Financial sectors showed the highest growth in job listings, with increases of 20.1%, 17.4%, and 16.3% respectively. Notably, the Energy sector led the market with a 19.9% return this year. In contrast, Consumer Staples exhibited modest job growth at 0.19% YTD and -1.65% in February. The data, collated by LinkUp, emphasizes the job market trends impacting S&P 500 members in 2022.

CERAWeek by S&P Global will occur from March 7-11, 2022, in Houston, focusing on technology, innovation, and decarbonization. The event features notable speakers, including AWS CEO Adam Selipsky and leaders from various companies. The CERAWeek Innovation Agora will serve as a central hub for discussions on transformation in the energy sector using digitalization, AI, and other technologies. This year’s conference emphasizes the connection between technology and energy in addressing global challenges related to emissions and economic growth.

S&P Global (NYSE: SPGI) announced the completion of its sale of CUSIP Global Services to FactSet on March 1, 2022. The transaction is part of S&P Global's strategy to focus on its core offerings, providing essential data and analytics to clients across various industries. This sale may signify a shift in the company's operational focus and financial strategy.

S&P Global (NYSE: SPGI) announced the expiration of its Exchange Offers and Consent Solicitations for IHS Markit Notes as of February 28, 2022. An aggregate of $4.473 billion in IHS Markit Notes was tendered. Holders of these notes will receive $1,000 of S&P Global Notes for every $1,000 of IHS Markit Notes validly tendered. The merger with IHS Markit was completed on the same day, triggering the Amendments to remove restrictive covenants in the indentures. Settlement is expected on March 2, 2022.

S&P Global (NYSE: SPGI) has completed its $140 billion merger with IHS Markit, enhancing its portfolio across data, analytics, and ratings. The merger aims to accelerate growth, providing a projected 2022 GAAP revenue growth of over 40% and an EPS range of $13.40 to $13.60. The company anticipates annual cost synergies of approximately $600 million and $350 million in revenue synergies, with total EBITA impact expected to reach ~$810 million by 2026. Additionally, a 10.4% dividend increase will provide enhanced returns to shareholders.

S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) have successfully completed their merger, marking a significant milestone in their collaboration. Following this, a press release and Form 8-K will be issued to provide pro forma operating results and 2022 financial guidance. A conference call is scheduled for March 1, 2022, at 8:00 am ET to discuss the merger's details with investors. This merger is expected to create synergies and improve operational efficiencies, positioning the combined company for enhanced market performance.