MSCI Inc. Announces New Senior Credit Facility to Refinance Certain Existing Debt
16 Abril 2012 - 8:30AM
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 its intention to launch a partial refinancing of its
outstanding Senior Secured Term Loan B Facility.
MSCI is seeking to obtain a new $600 million 5-Year Term Loan A
Facility, the proceeds of which, together with $206 million of cash
on hand, it expects to use to repay up to $800 million of the
existing Senior Secured Term Loan B Facility and pay related fees
and expenses. MSCI is also seeking to extend the maturity of its
$100 million Senior Secured Revolving Facility and amend certain
covenants in the credit agreement governing the facilities. There
can be no assurance that MSCI will be able to obtain the new
facility, the maturity extension or the covenant amendments.
Morgan Stanley MUFG Loan Partners, LLC (acting through Morgan
Stanley Senior Funding, Inc. and The Bank of Tokyo Mitsubishi UFJ,
Ltd.) and J.P. Morgan Securities LLC will be Joint Lead Arrangers
and the Joint Bookrunners on the transaction.
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
with approximately USD 7 trillion estimated to be benchmarked to
them on a worldwide basis1; Barra multi-asset class factor models,
portfolio risk and performance analytics; RiskMetrics multi-asset
class market and credit risk analytics; MSCI ESG (environmental,
social and governance) Research screening, analysis and ratings;
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
1As of June 30, 2011, based on eVestment, Lipper and Bloomberg
data.
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
December 31, 2011 and filed with the Securities and Exchange
Commission (SEC) on February 29, 2012, 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.
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