Intercontinental Exchange’s $2.50 Billion Notes Offering

Davis Polk advised the joint book-running managers in connection with the offering.

Intercontinental Exchange, Inc. completed its debt offering 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.

BofA Securities, Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Credit Suisse Securities (USA) LLC, Loop Capital Markets LLC, MUFG Securities Americas Inc., BBVA Securities Inc., BMO Capital Markets Corp., Fifth Third Securities, Inc., ICBC Standard Bank Plc, Mizuho Securities USA LLC, PNC Capital Markets LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, SG Americas Securities, LLC, and Goldman Sachs & Co. LLC acted as underwriters for the offering.

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 (Picture), counsel Drew Glover and associate Joanna Sedlak. The tax team included partner Michael Farber and associate Tomislava Dragicevic.

Involved fees earner: Tomislava Dragicevic – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; Drew Glover – Davis Polk & Wardwell; Joseph Hall – Davis Polk & Wardwell; Joanna Sedlak – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; BBVA Securities Inc.; BMO Capital Markets; Citigroup Global Markets Ltd; Credit Suisse Securities (USA) LLC; Fifth Third Securities, Inc.; Goldman Sachs & Co.; ICBC Standard Bank; J.P. Morgan Securities LLC; Loop Capital Markets; Mizuho Securities; Morgan Stanley; MUFG Securities Americas Inc. ; PNC Capital Markets LLC; SG Americas Securities LLC; Wells Fargo Securities;

Author: Ambrogio Visconti