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Davis Polk Advises IHS Markit Ltd. on Its $300 Million Senior Notes Reopening

Davis Polk advised IHS Markit Ltd. in connection with its Rule 144A/Regulation S offering of an additional $300 million aggregate principal amount of its 4.75% senior notes due 2025. The additional notes will form a single series with the $500 million aggregate principal amount of 4.75% senior notes due 2025 that IHS Markit Ltd. issued in February 2017. IHS Markit intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include repayment of indebtedness or share repurchases pursuant to its previously announced share repurchase authorization.

IHS Markit is a globally diversified provider of critical information, analytics and expertise with deep sources of information, analytics and solutions for the world’s major industries, financial markets and governments. 

The Davis Polk capital markets team included partners Richard D. Truesdell Jr. and Derek Dostal and associates Eugene Baek and Paul J. Connell. Partner Kathleen L. Ferrell provided tax advice. Associate Sijia Cai provided 1940 Act advice. Partner Simon Witty and European counsel John Taylor provided advice regarding certain United Kingdom-based subsidiaries. Members of the Davis Polk team are based in the New York and London offices.