Here are the 424B prospectus supplements from Intercontinental Exchange Inc. (ICE) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow ICE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ICE filings page.
Intercontinental Exchange, Inc. (ICE) is issuing four tranches of senior unsecured notes: $1.25 billion 4.700% notes due 2029, $1.10 billion 4.900% notes due 2031, $650 million 5.150% notes due 2033 and $750 million 5.400% notes due 2036. The notes pay semi‑annual interest starting in 2027 and rank equally with ICE’s other unsecured, unsubordinated debt, but are structurally subordinated to subsidiary liabilities and effectively subordinated to any future secured debt.
ICE expects net proceeds of about $3.71 billion, to be used with a new term loan, commercial paper, revolving credit borrowings, cash and/or a $6.20 billion Bridge Facility to fund its pending all‑cash acquisition of MarketAxess Holdings Inc. for $167.00 per share, or roughly $6.0 billion, plus fees and expenses. On an as‑adjusted basis, consolidated indebtedness would have been about $26.0 billion as of June 30, 2026.
The 2033 and 2036 “SMR notes” carry a special mandatory redemption at 101% of principal plus accrued interest if the MarketAxess acquisition is not completed by the defined outside date or the merger agreement is terminated. The 2029 and 2031 “non‑SMR” notes have no such feature and could be used for general corporate purposes if the deal does not close. All series are callable at ICE’s option subject to make‑whole and par‑call terms, and are not listed on any exchange, so secondary market liquidity is uncertain.
Intercontinental Exchange, Inc. is offering multiple tranches of senior unsecured notes, including a floating rate series and several fixed rate series, under an effective shelf registration. The notes will be general unsecured obligations ranking equally with ICE’s other unsubordinated debt.
ICE plans to use net proceeds, together with a new term loan, commercial paper, revolving credit borrowings, cash on hand and/or a $6.20 billion Bridge Facility, to fund the all-cash acquisition of MarketAxess Holdings Inc. at $167.00 per share, valuing MarketAxess at approximately $6.0 billion, plus fees and expenses. Two series of fixed-rate notes include a special mandatory redemption at 101% of principal if the acquisition is not completed by the outside date or the merger agreement is terminated; other series do not. After giving effect to the financing for the MarketAxess Acquisition, ICE discloses that consolidated indebtedness would be approximately $26.0 billion, and the notes will not be secured by assets or benefit from financial covenants limiting future borrowing.