[8-K] MSCI, Inc. Reports Material Event
MSCI Inc. completed a public offering of $1.25 billion aggregate principal amount of 5.250% senior unsecured notes due 2035 on August 8, 2025. The securities were sold under an underwriting agreement dated August 5, 2025, with J.P. Morgan Securities LLC and BofA Securities, Inc. as representatives, and were registered on Form S-3 (File No. 333-277791) using a prospectus dated March 8, 2024 and a prospectus supplement dated August 5, 2025. The notes were issued under an Indenture with Wilmington Trust, National Association, as trustee, supplemented by a First Supplemental Indenture dated August 8, 2025. An opinion of Davis Polk & Wardwell LLP relating to the legality of the notes is filed as Exhibit 5.1.
MSCI Inc. ha completato un'offerta pubblica per un importo nominale complessivo di $1.25 billion di obbligazioni senior non garantite al 5,250% con scadenza 2035 l'8 agosto 2025. I titoli sono stati venduti ai sensi di un contratto di sottoscrizione datato 5 agosto 2025, con J.P. Morgan Securities LLC e BofA Securities, Inc. come rappresentanti, e sono stati registrati sul Modulo S-3 (File No. 333-277791) utilizzando il prospetto datato 8 marzo 2024 e il supplemento al prospetto datato 5 agosto 2025. Le obbligazioni sono state emesse ai sensi di un Indenture con Wilmington Trust, National Association, in qualità di trustee, integrato da un First Supplemental Indenture datato 8 agosto 2025. Un parere legale di Davis Polk & Wardwell LLP relativo alla validità delle obbligazioni è depositato come Exhibit 5.1.
MSCI Inc. completó una oferta pública por un importe nominal agregado de $1.25 billion de notas senior no garantizadas al 5,250% con vencimiento en 2035 el 8 de agosto de 2025. Los valores se vendieron en virtud de un contrato de suscripción fechado el 5 de agosto de 2025, con J.P. Morgan Securities LLC y BofA Securities, Inc. como representantes, y fueron registrados en el Formulario S-3 (File No. 333-277791) utilizando un prospecto fechado el 8 de marzo de 2024 y un suplemento al prospecto fechado el 5 de agosto de 2025. Las notas se emitieron en virtud de una Indenture con Wilmington Trust, National Association, como fiduciario (trustee), complementada por una First Supplemental Indenture fechada el 8 de agosto de 2025. Una opinión de Davis Polk & Wardwell LLP relativa a la legalidad de las notas se presenta como Exhibit 5.1.
MSCI Inc.은 2025년 8월 8일에 총액 $1.25 billion의 만기 2035년, 연 5.250% 선순위 무담보 채권에 대한 공개 발행을 완료했습니다. 이 증권은 2025년 8월 5일자 인수계약에 따라 J.P. Morgan Securities LLC와 BofA Securities, Inc.를 대표자로 하여 매각되었으며, 2024년 3월 8일자 등록서(Form S-3, File No. 333-277791)와 2025년 8월 5일자 등록서 보충서(prospectus supplement)를 사용하여 등록되었습니다. 해당 채권은 Wilmington Trust, National Association을 수탁자(trustee)로 하는 Indenture에 따라 발행되었고, 2025년 8월 8일자 First Supplemental Indenture로 보완되었습니다. 채권의 법적 타당성에 관한 Davis Polk & Wardwell LLP의 의견서는 Exhibit 5.1로 제출되어 있습니다.
MSCI Inc. a réalisé le 8 août 2025 une offre publique portant sur un montant principal global de $1.25 billion de obligations senior non garanties à 5,250% échéant en 2035. Les titres ont été vendus en vertu d'un contrat de souscription daté du 5 août 2025, J.P. Morgan Securities LLC et BofA Securities, Inc. agissant en tant que représentants, et ont été enregistrés sur le formulaire S-3 (File No. 333-277791) sur la base d'un prospectus daté du 8 mars 2024 et d'un supplément au prospectus daté du 5 août 2025. Les obligations ont été émises en vertu d'une Indenture avec Wilmington Trust, National Association, en qualité de trustee, complétée par une First Supplemental Indenture datée du 8 août 2025. Un avis juridique de Davis Polk & Wardwell LLP relatif à la légalité des obligations est déposé en tant qu'Exhibit 5.1.
MSCI Inc. hat am 8. August 2025 ein öffentliches Angebot über einen Gesamtnennbetrag von $1.25 billion an 5,250% vorrangigen unbesicherten Schuldverschreibungen mit Fälligkeit 2035 abgeschlossen. Die Wertpapiere wurden aufgrund eines Zeichnungsvertrags vom 5. August 2025 mit J.P. Morgan Securities LLC und BofA Securities, Inc. als Vertretern verkauft und wurden unter dem Formular S-3 (File No. 333-277791) unter Verwendung eines Prospekts vom 8. März 2024 und eines Prospektergänzungsblatts vom 5. August 2025 registriert. Die Schuldverschreibungen wurden unter einer Indenture mit Wilmington Trust, National Association, als Treuhänder (trustee) begeben, ergänzt durch eine First Supplemental Indenture vom 8. August 2025. Ein Rechtsgutachten von Davis Polk & Wardwell LLP zur Rechtmäßigkeit der Schuldverschreibungen ist als Exhibit 5.1 eingereicht.
- Completed $1.25 billion fixed-rate financing
- Notes carry a fixed 5.250% coupon through maturity in 2035
- Offering registered on Form S-3 with prospectus and prospectus supplement filed
- Indenture and first supplemental indenture executed; legal opinion filed (Davis Polk & Wardwell LLP)
- Increases MSCI's long-term senior unsecured debt by $1.25 billion
- Creates a fixed interest expense at 5.250% through 2035
Insights
TL;DR: MSCI completed a $1.25B fixed-rate long-term bond issue, adding senior unsecured debt at a 5.250% coupon through 2035.
The offering establishes a known fixed interest cost for roughly ten years to maturity, given the August 2025 closing and 2035 maturity. The issuance was conducted on a registered shelf (Form S-3) with major underwriters and standard indenture documentation, and a counsel opinion is filed. From a bondholder perspective, the security is senior unsecured, which ranks above subordinated obligations but behind secured debt; the filing does not disclose use of proceeds or changes to covenants.
TL;DR: Routine large-scale debt financing completed; material to capital structure but neutral without disclosed use of proceeds.
The company issued $1.25 billion of senior unsecured notes, consistent with raising long-term capital. Documentation includes an underwriting agreement, an indenture and a first supplemental indenture, all filed as exhibits, and counsel provided a legal opinion. The report is procedural and confirms the new obligation, but it does not provide details on how the proceeds will be deployed or on immediate effects to leverage metrics.
MSCI Inc. ha completato un'offerta pubblica per un importo nominale complessivo di $1.25 billion di obbligazioni senior non garantite al 5,250% con scadenza 2035 l'8 agosto 2025. I titoli sono stati venduti ai sensi di un contratto di sottoscrizione datato 5 agosto 2025, con J.P. Morgan Securities LLC e BofA Securities, Inc. come rappresentanti, e sono stati registrati sul Modulo S-3 (File No. 333-277791) utilizzando il prospetto datato 8 marzo 2024 e il supplemento al prospetto datato 5 agosto 2025. Le obbligazioni sono state emesse ai sensi di un Indenture con Wilmington Trust, National Association, in qualità di trustee, integrato da un First Supplemental Indenture datato 8 agosto 2025. Un parere legale di Davis Polk & Wardwell LLP relativo alla validità delle obbligazioni è depositato come Exhibit 5.1.
MSCI Inc. completó una oferta pública por un importe nominal agregado de $1.25 billion de notas senior no garantizadas al 5,250% con vencimiento en 2035 el 8 de agosto de 2025. Los valores se vendieron en virtud de un contrato de suscripción fechado el 5 de agosto de 2025, con J.P. Morgan Securities LLC y BofA Securities, Inc. como representantes, y fueron registrados en el Formulario S-3 (File No. 333-277791) utilizando un prospecto fechado el 8 de marzo de 2024 y un suplemento al prospecto fechado el 5 de agosto de 2025. Las notas se emitieron en virtud de una Indenture con Wilmington Trust, National Association, como fiduciario (trustee), complementada por una First Supplemental Indenture fechada el 8 de agosto de 2025. Una opinión de Davis Polk & Wardwell LLP relativa a la legalidad de las notas se presenta como Exhibit 5.1.
MSCI Inc.은 2025년 8월 8일에 총액 $1.25 billion의 만기 2035년, 연 5.250% 선순위 무담보 채권에 대한 공개 발행을 완료했습니다. 이 증권은 2025년 8월 5일자 인수계약에 따라 J.P. Morgan Securities LLC와 BofA Securities, Inc.를 대표자로 하여 매각되었으며, 2024년 3월 8일자 등록서(Form S-3, File No. 333-277791)와 2025년 8월 5일자 등록서 보충서(prospectus supplement)를 사용하여 등록되었습니다. 해당 채권은 Wilmington Trust, National Association을 수탁자(trustee)로 하는 Indenture에 따라 발행되었고, 2025년 8월 8일자 First Supplemental Indenture로 보완되었습니다. 채권의 법적 타당성에 관한 Davis Polk & Wardwell LLP의 의견서는 Exhibit 5.1로 제출되어 있습니다.
MSCI Inc. a réalisé le 8 août 2025 une offre publique portant sur un montant principal global de $1.25 billion de obligations senior non garanties à 5,250% échéant en 2035. Les titres ont été vendus en vertu d'un contrat de souscription daté du 5 août 2025, J.P. Morgan Securities LLC et BofA Securities, Inc. agissant en tant que représentants, et ont été enregistrés sur le formulaire S-3 (File No. 333-277791) sur la base d'un prospectus daté du 8 mars 2024 et d'un supplément au prospectus daté du 5 août 2025. Les obligations ont été émises en vertu d'une Indenture avec Wilmington Trust, National Association, en qualité de trustee, complétée par une First Supplemental Indenture datée du 8 août 2025. Un avis juridique de Davis Polk & Wardwell LLP relatif à la légalité des obligations est déposé en tant qu'Exhibit 5.1.
MSCI Inc. hat am 8. August 2025 ein öffentliches Angebot über einen Gesamtnennbetrag von $1.25 billion an 5,250% vorrangigen unbesicherten Schuldverschreibungen mit Fälligkeit 2035 abgeschlossen. Die Wertpapiere wurden aufgrund eines Zeichnungsvertrags vom 5. August 2025 mit J.P. Morgan Securities LLC und BofA Securities, Inc. als Vertretern verkauft und wurden unter dem Formular S-3 (File No. 333-277791) unter Verwendung eines Prospekts vom 8. März 2024 und eines Prospektergänzungsblatts vom 5. August 2025 registriert. Die Schuldverschreibungen wurden unter einer Indenture mit Wilmington Trust, National Association, als Treuhänder (trustee) begeben, ergänzt durch eine First Supplemental Indenture vom 8. August 2025. Ein Rechtsgutachten von Davis Polk & Wardwell LLP zur Rechtmäßigkeit der Schuldverschreibungen ist als Exhibit 5.1 eingereicht.
FAQ
What did MSCI (MSCI) announce in this 8-K?
Who were the underwriters for MSCI's notes offering?
How were the notes issued and where is the documentation filed?
Was the offering registered with the SEC and where is the prospectus?
Is there a counsel opinion filed regarding the notes?
