Nasdaq launches cash tender offers for its outstanding notes on February 10, 2025. The company said it is offering to buy for cash up to $200,000,000 in aggregate principal amount of its outstanding notes, subject to proration where applicable.

1. 01

   Nasdaq launches cash tender offers for its outstanding notes on February 10, 2025. The company said it is offering to buy for cash up to $200,000,000 in aggregate principal amount of its outstanding notes, subject to proration where applicable.

2. 02

   Nasdaq set purchase caps of up to $40,000,000 for its 5.350% senior notes due 2028, up to $50,000,000 for its 5.550% senior notes due 2034 and up to $110,000,000 for its 3.950% senior notes due 2052.

3. 03

   The company set the early tender deadline at 5:00 p.m. New York time on February 24, 2025 and the expiration at 5:00 p.m. on March 11. Holders who tender early and have their notes accepted receive the total consideration, which includes an early tender premium of $30.00 per $1,000 principal amount. Notes tendered after the early deadline receive the tender offer consideration, which is the total consideration minus that premium.

4. 04

   The company said it intends to fund the purchase of validly tendered and accepted notes with available cash on hand and other sources of liquidity. It said the purpose of the tender offers is to repurchase a portion of the notes in order to reduce its total outstanding public debt.

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Original filing

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