UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): February 6, 2017
Commission file number 001-36495
IHS MARKIT LTD.
(Exact name of registrant as specified in its charter)
Bermuda | 98-1166311 | |
(State or Other Jurisdiction of Incorporation or Organization) |
(I.R.S. Employer Identification Number) |
4th Floor, Ropemaker Place,
25 Ropemaker Street
London, England
EC2Y 9LY
(Address of principal executive offices)
+44 20 7260 2000
(Registrants telephone number, including area code)
Former name or former address, if changed since last report: Not Applicable
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. | Other Events. |
On February 6, 2017, IHS Markit Ltd., a Bermuda exempted company (the Company), announced the pricing of its offering of $500 million in aggregate principal amount of senior notes due 2025 (the Notes) in a private placement transaction pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the Securities Act). The offering is expected to close on February 9, 2017, subject to customary closing conditions.
The Notes will bear interest at a rate of 4.75% per annum and will pay interest semi-annually in cash in arrears on February 15 and August 15 of each year, beginning on August 15, 2017. The Notes will mature on February 15, 2025. The Company intends to use the net proceeds from the offering of the Notes for working capital and other general corporate purposes, which initially will include repayment of indebtedness under its revolving credit facility and may in the future include share repurchases pursuant to its previously announced share repurchase authorization.
The Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder. Pursuant to Rule 135c of the Securities Act, the Company is filing herewith the press release dated February 6, 2017.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
99.1 Press Release dated February 6, 2017, announcing the pricing of the Notes.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
IHS MARKIT LTD. | ||||||
February 6, 2017 | By: | /s/ Todd Hyatt | ||||
Name: | Todd S. Hyatt | |||||
Title: | Executive Vice President and Chief Financial Officer |
Exhibit 99.1
News Release
IHS Markit Contacts:
Dan Wilinsky | Eric Boyer | |||||
Media Relations | Investor Relations | |||||
+1 303 397 2468 | +1 303 397 2969 | |||||
dan.wilinsky@ihsmarkit.com | eric.boyer@ihsmarkit.com |
IHS Markit Ltd. Announces Pricing of Senior Notes
LONDON (February 6, 2017) IHS Markit Ltd. (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced the pricing of its offering of $500 million in aggregate principal amount of senior notes due 2025 (the notes) in a private placement transaction pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The offering is expected to close on February 9, 2017, subject to customary closing conditions.
The notes will bear interest at a rate of 4.75 percent per annum and will pay interest semi-annually in cash in arrears on February 15 and August 15 of each year, beginning on August 15, 2017. The notes will mature on February 15, 2025.
IHS Markit intends to use the net proceeds from this offering for working capital and other general corporate purposes, which initially will include repayment of indebtedness under its revolving credit facility and may in the future include share repurchases pursuant to its previously announced share repurchase authorization.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
The notes are being offered and sold to qualified institutional buyers in the United States in reliance on Rule 144A under the U.S. Securities Act of 1933, as amended, and to non-U.S. persons in offshore transactions outside the United States in accordance with Regulation S under the Securities Act. The notes have not been registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements.
This press release has not been approved by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000 (as amended). Accordingly, this document is only for distribution to and directed at: (i) in the United Kingdom, persons having professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the Order) or high net worth entities falling within Article 49(2)(a) to (d) of the Order; (ii) persons who are outside the United Kingdom; and (iii) any other person to whom it can otherwise be lawfully distributed (all such persons together being referred to as Relevant Persons). Any investment or investment activity to which this press release relates is available only to and will be engaged in only with Relevant Persons. Persons who are not Relevant Persons should not take any action based upon this press release and should not rely on it.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, aim, strive, believe, project, predict, estimate, expect, continue, strategy, future, likely, may, might, should, will, the negative of these terms, and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. A detailed discussion of some of the risks and uncertainties that could cause our actual results and financial condition to differ materially from the forward-looking statements is described in IHS Markits filings with the U.S. Securities and Exchange Commission.
Any forward-looking statement made by us in this release speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
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About IHS Markit
IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and
solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the worlds leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. All other company and product names may be trademarks of their respective owners © 2017 IHS Markit Ltd. All rights reserved.
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