MSCI’s $1.0 Billion Notes Offering

Davis Polk advised MSCI Inc. in the offering.

MSCI Inc. executed a Rule 144A/Regulation S offering of $1.0 billion aggregate principal amount of its 3.875% senior notes due 2031. The notes are guaranteed by certain subsidiaries of MSCI.

MSCI intends to use the net proceeds from the offering for the redemption of the $800.0 million aggregate principal amount of its existing 5.750% senior notes due 2025 and for general corporate purposes, including, without limitation, repurchases of its common stock and potential investments and acquisitions.

MSCI is a leading provider of critical decision support tools and services for the global investment community. Leveraging its knowledge of the global investment process and its expertise in research, data and technology, MSCI’s actionable solutions power better investment decisions by enabling its clients to understand and analyze key drivers of risk and return and confidently and efficiently build more effective portfolios. MSCI creates industry-leading research-enhanced products and services to support its clients’ dynamic and complex needs.

The Davis Polk capital markets team advising MSCI included partner Richard D. Truesdell Jr. (Picture), counsel Jeffrey S. Ramsay and associates Lourenço Lopes-Sabino and Concepción Olivera. The tax team included partner Patrick E. Sigmon and associate Tomislava Dragicevic. Associate Yana Kipnis provided intellectual property advice. Counsel Charles Shi provided ERISA advice. Associate Matthew R. Silver provided 1940 Act advice.

Involved fees earner: Tomislava Dragicevic – Davis Polk & Wardwell; Yana Kipnis – Davis Polk & Wardwell; Lourenço Lopes-Sabino – Davis Polk & Wardwell; Concepción Olivera – Davis Polk & Wardwell; Jeffrey Ramsay – Davis Polk & Wardwell; Charles Shi – Davis Polk & Wardwell; Patrick Sigmon – Davis Polk & Wardwell; Matthew Silver – Davis Polk & Wardwell; Richard Truesdell Jr. – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: MSCI Inc.;

Author: Ambrogio Visconti