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Intercontinental Exchange issues senior notes

Intercontinental Exchange Inc. on Aug. 13 completed the issuance of $400 million of 3.450% senior notes, $600 million of 3.750% senior notes and $1.25 billion of 4.250% senior notes due 2023, 2028 and 2048, respectively.

The company received about $2.22 billion in net proceeds, after underwriting discounts and commissions and before offering expenses, from the sale of the notes.

It intends to use the proceeds for general corporate purposes, including to fund the redemption of $600 million worth of 2.50% senior notes due 2018 and to pay down outstanding commercial paper.

The company entered into an underwriting agreement Aug. 6 with Merrill Lynch Pierce Fenner & Smith Inc., MUFG Securities Americas Inc. and Wells Fargo Securities LLC as representatives of several underwriters.