MSCI Inc. Announces Proposed Repricing of Existing $1.2 Billion Senior Secured Term Loan
01 Março 2011 - 6:55PM
Business Wire
MSCI Inc. (NYSE: MSCI), a leading provider of investment
decision support tools worldwide, including indices, portfolio risk
and performance analytics and corporate governance services,
announced today its intention to seek repricing of its existing
$1.2 billion senior secured term loan, maturing in 2016, to benefit
from lower interest rates currently available in the senior secured
debt markets and to amend certain covenants in its senior secured
credit facility. In connection with the repricing, the existing
term loan would be replaced with a $1.125 billion senior secured
term loan, and MSCI would prepay approximately $90 million of the
existing term loan.
The company anticipates the repricing process will be completed
in the next two weeks. However, there can be no assurance that the
company will be able to effect the repricing.
Morgan Stanley Senior Funding, Inc. will be Sole Lead Arranger
and Joint Bookrunner on the proposed repricing, along
with BofA Merrill Lynch (Joint Bookrunner) and UBS Securities
LLC (Co-Manager).
About MSCI
MSCI Inc. is a leading provider of investment decision support
tools to investors globally, including asset managers, banks, hedge
funds and pension funds. MSCI products and services include
indices, portfolio risk and performance analytics, and governance
tools.
The company’s flagship product offerings are: the MSCI indices
which include almost 150,000 daily indices covering more than 70
countries; Barra portfolio risk and performance analytics covering
global equity and fixed income markets; RiskMetrics market and
credit risk analytics; ISS governance research and outsourced proxy
voting and reporting services; FEA valuation models and risk
management software for the energy and commodities markets; and
CFRA forensic accounting risk research, legal/regulatory risk
assessment, and due-diligence. MSCI is headquartered in New York,
with research and commercial offices around the world. MSCI#IR
For further information on MSCI, please visit our web site
at www.msci.com
Forward Looking Statements
This press release contains forward-looking statements. These
statements relate to future events or to future financial
performance and involve known and unknown risks, uncertainties and
other factors that may cause our actual results, levels of
activity, performance, or achievements to be materially different
from any future results, levels of activity, performance, or
achievements expressed or implied by these forward-looking
statements. In some cases, you can identify forward-looking
statements by the use of words such as “may,” “could,” “expect,”
“intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,”
“predict,” “potential,” or “continue” or the negative of these
terms or other comparable terminology. You should not place undue
reliance on forward-looking statements because they involve known
and unknown risks, uncertainties and other factors that are, in
some cases, beyond our control and that could materially affect
actual results, levels of activity, performance, or
achievements.
Other factors that could materially affect actual results,
levels of activity, performance or achievements can be found in
MSCI's Annual Report on Form 10-K for the fiscal year ended
November 30, 2010 and filed with the Securities and Exchange
Commission (SEC) on January 31, 2011, and in quarterly reports on
Form 10-Q and current reports on Form 8-K filed with the SEC. If
any of these risks or uncertainties materialize, or if our
underlying assumptions prove to be incorrect, actual results may
vary significantly from what we projected. Any forward-looking
statement in this release reflects our current views with respect
to future events and is subject to these and other risks,
uncertainties and assumptions relating to our operations, results
of operations, growth strategy and liquidity. We assume no
obligation to publicly update or revise these forward-looking
statements for any reason, whether as a result of new information,
future events, or otherwise.
MSCI (NYSE:MSCI)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
MSCI (NYSE:MSCI)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024