Mobility Global $2 billion senior notes offering

Davis Polk advised Mobility Global Inc. in connection with its Rule 144A and Regulation S offering of $2 billion aggregate principal amount of 5.050% senior notes due 2029, 5.450% senior notes due 2031 and 6.050% senior notes due 2036.

Mobility Global is the holding company for S&P Global’s Mobility division, which S&P Global intends to separate from its current businesses by means of a spinoff to its shareholders. Upon consummation of the spinoff, Mobility Global will operate as an independent, public company. The proceeds of the notes offering were placed in an escrow account and will be used by Mobility Global to finance a cash payment to S&P Global as consideration for the transfer of certain assets, liabilities and entities to Mobility Global, with the remaining proceeds used by Mobility Global to fund estimated fees and expenses and for general corporate purposes.Mobility Global is a globally recognized pioneer and leader in automotive data, solutions and insights. The company provides mission-critical offerings that span the entire vehicle and consumer purchasing lifecycles, enabling original equipment manufacturer and dealer customers to anticipate change and make informed decisions in a large, complex and dynamic industry. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan.S&P Global is a leading provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets.

The Davis Polk corporate team included partner Roshni Banker Cariello, counsel Arisa Akashi Sin and associates Gabriela N. Gura, Jonathon Gex Artigues, Diego Rodriguez and Kristina (Kexin) Wang. Partner Michael Mollerus, counsel Liang Zhang and associates Bryce Maxey and Yueyu Yang provided tax advice. All members of the Davis Polk team are based in the New York office.