IHS Markit's Holding Company Announces Plans for Strategic Debt Restructuring and Fundraising

Financial Restructuring to Enhance Long-Term Stability

IHS Markit Ltd., a leading provider of critical information, analytics, and solutions, has announced plans for a strategic debt restructuring and fundraising initiative. This move aims to strengthen the company's financial position and long-term stability, enabling it to continue delivering value to its customers.

Restructuring Components

Debt Exchange Offer

IHS Markit plans to launch a debt exchange offer to eligible holders of its existing senior unsecured notes. The offer involves exchanging the existing notes for newly issued notes with extended maturities and reduced interest rates.

New Financing

In addition to the debt exchange, IHS Markit intends to raise new financing through a combination of debt and equity instruments. The proceeds from this fundraising will be used to repay or refinance existing debt and provide additional financial flexibility.

Benefits of the Restructuring

Reduced Debt Burden

The debt exchange offer and new financing are expected to significantly reduce IHS Markit's debt burden and improve its debt maturity profile. This will enhance the company's financial flexibility and reduce its exposure to interest rate fluctuations.

Strengthened Capital Structure

The combination of debt restructuring and fundraising is designed to strengthen IHS Markit's capital structure. This will improve the company's ability to withstand economic downturns and support its long-term growth plans.

Improved Credit Profile

The strategic debt restructuring is expected to improve IHS Markit's credit profile and reduce its overall cost of capital. This will position the company for future growth and investment opportunities.

Next Steps

IHS Markit has appointed financial and legal advisors to assist with the implementation of the strategic debt restructuring and fundraising. The company will provide further updates as the process progresses.

Conclusion

IHS Markit's strategic debt restructuring and fundraising initiative is a significant step towards strengthening the company's financial position and ensuring its long-term success. This move will enable the company to continue providing critical information and solutions to its customers while safeguarding its financial health.