AI English summary of an SEC filing — figures as filed
Intercontinental Exchange ICEIntercontinental Exchange said on May 3, 2024 that it is commencing a private exchange offer for the 3.625% Senior Notes due 2028 issued by Black Knight InfoServ, LLC, a wholly owned subsidiary of the company (the BK Notes). The aggregate principal amount outstanding is about $1 billion.
Key points
AI summaryIntercontinental Exchange said on May 3, 2024 that it is commencing a private exchange offer for the 3.625% Senior Notes due 2028 issued by Black Knight InfoServ, LLC, a wholly owned subsidiary of the company (the BK Notes). The aggregate principal amount outstanding is about $1 billion.
The company said it is offering to issue new notes to eligible BK Notes holders that have the same interest payment and maturity dates and the same interest rate as the BK Notes. The table shows the outstanding principal amount of the BK Notes as $1,000,000,000.
The company said holders who tender by May 16, 2024 at 5 p.m. New York City time and do not withdraw their tenders will receive ICE Notes in a principal amount of $1,000 for each $1,000 of BK Notes principal. Holders who tender after that deadline through the expiration date will receive $970.
The company said the exchange offer will expire at 5 p.m. New York City time on June 3, 2024, and the withdrawal deadline is May 16 at 5 p.m. It expects settlement on or about June 5. It said the expiration date may be extended or the offer terminated early, and that there is no minimum aggregate principal amount of BK Notes that must be tendered.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Black Knight Senior Notes Private Exchange Offer Launched
Intercontinental Exchange said on May 3, 2024 that it is commencing a private exchange offer for the 3.625% Senior Notes due 2028 issued by Black Knight InfoServ, LLC, a wholly owned subsidiary of the company (the BK Notes). The aggregate principal amount outstanding is about $1 billion.
Source · Based on the filing body and exhibits
Exchange Terms: New ICE Notes With Same Interest Rate and Maturity
The company said it is offering to issue new notes to eligible BK Notes holders that have the same interest payment and maturity dates and the same interest rate as the BK Notes. The table shows the outstanding principal amount of the BK Notes as $1,000,000,000.
Source · Based on the filing body and exhibits
Same Principal for Early Tenders, $970 for Later Tenders
The company said holders who tender by May 16, 2024 at 5 p.m. New York City time and do not withdraw their tenders will receive ICE Notes in a principal amount of $1,000 for each $1,000 of BK Notes principal. Holders who tender after that deadline through the expiration date will receive $970.
Source · Based on the filing body and exhibits
Exchange Offer Expiration, Withdrawal Deadline and Expected Settlement Dates
The company said the exchange offer will expire at 5 p.m. New York City time on June 3, 2024, and the withdrawal deadline is May 16 at 5 p.m. It expects settlement on or about June 5. It said the expiration date may be extended or the offer terminated early, and that there is no minimum aggregate principal amount of BK Notes that must be tendered.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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