Intercontinental Exchange $8 billion notes offering
The investment grade-notes were issued in six tranches
Davis Polk advised the joint book-running managers in connection with an SEC-registered debt offering by Intercontinental Exchange, Inc. of $1.25 billion in aggregate principal amount of 3.650% senior notes due 2025, $1.5 billion in aggregate principal amount of 4.000% senior notes due 2027, $1.25 billion in aggregate principal amount of 4.350% senior notes due 2029, $1.5 billion in aggregate principal amount of 4.600% senior notes due 2033, $1.5 billion in aggregate principal amount of 4.950% senior notes due 2052 and $1 billion in aggregate principal amount of 5.200% senior notes due 2062.
Intercontinental Exchange is a global operator of regulated exchanges, clearinghouses and listing venues and a provider of data services for commodity, fixed income and equity markets.
The Davis Polk corporate team included partner Joseph A. Hall and associates Yoojin Nairn-Kim and Yi Wang. The tax team included partner Michael Farber and associate Ben Levenback. All members of the Davis Polk team are based in the New York office.