Exhibit 99.1
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 | | | | PRESS RELEASE |
MSCI Completes Private Offering of $1.0 Billion
3.875% Senior Unsecured Notes Due 2031
New York, NY – May 26, 2020 –MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that it has successfully completed its private offering of $1.0 billion aggregate amount of its 3.875% senior unsecured notes due 2031 (the “Notes”). The Notes will mature on February 15, 2031.
MSCI intends to use a portion of the net proceeds from the offering of the Notes to redeem all $800.0 million aggregate principal amount of its 5.750% senior unsecured notes due 2025 (the “2025 Notes”) pursuant to the indenture governing the 2025 Notes (the “Redemption”) and to pay related redemption costs. A redemption notice indicating a redemption date of June 17, 2020 was delivered to holders of the 2025 Notes on May 18, 2020. All remaining net proceeds will be used for general corporate purposes, including, without limitation, potential repurchases of its common stock, investments and acquisitions.
This press release does not constitute a notice of redemption with respect to the 2025 Notes.
Certain costs related to the Redemption will be excluded from the calculation of adjusted earnings per share for the second quarter ending June 30, 2020.
The Notes were offered only to (i) persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and (ii) certainnon-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or any state securities laws and therefore may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
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About MSCI Inc.
MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 45 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.
MSCI Inc. Contacts
Investor Inquiries
sallilyn.schwartz@msci.com
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Salli Schwartz | | +1 212 804 5306 |
Media Inquiries
PR@msci.com
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Sam Wang | | +1 212 804 5244 |
Melanie Blanco | | +1 212 981 1049 |
Rachel Lai | | +852 2844 9315 |