Intercontinental Exchange $2.50 Billion Notes Offering

Davis Polk advised the joint book-running managers in connection with an SEC-registered debt offering by Intercontinental Exchange, Inc. of $1.25 billion aggregate principal amount of its 2.100% notes due 2030 and $1.25 billion aggregate principal amount of its 3.000% notes due 2050.

Intercontinental Exchange intends to use the net proceeds from the offering for general corporate purposes, including to fund the redemption of its $1.25 billion aggregate principal amount of 2.75% senior notes due 2020 and to pay down a portion of its commercial paper outstanding.

Intercontinental Exchange is a global operator of regulated exchanges, clearing houses 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, counsel Drew Glover and associate Joanna Sedlak. The tax team included partner Michael Farber and associate Tomislava Dragicevic. Members of the Davis Polk team are based in the New York and Northern California offices.