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Intercontinental Exchange prices $1B senior notes offering

Intercontinental Exchange Inc. priced an underwritten public offering of $1.0 billion in new senior notes.

The offering consists of $500 million aggregate principal amount of 2.350% senior notes due 2022 and $500 million in aggregate principal amount of 3.100% notes due 2027. The offering is expected to close Aug. 17.

ICE plans to use the net proceeds from the offering for general corporate purposes, including to fund the redemption of NYSE Holdings LLC's $850 million aggregate principal amount of 2.00% senior unsecured fixed rate notes due in October, and to pay down commercial paper outstanding.

Following the pricing of the notes, NYSE Holdings delivered a notice of redemption of its 2.00% notes to the holders and to Wilmington Trust Co., as trustee under the indenture governing the notes. The notes will be redeemed Sept. 13.

The joint book-running managers for Intercontinental Exchange's 2.350% senior notes due 2022 are Merrill Lynch Pierce Fenner & Smith Inc., Wells Fargo Securities LLC, MUFG Securities Americas Inc., Loop Capital Markets LLC, Mizuho Securities USA LLC and PNC Capital Markets LLC. The senior co-managers for the notes are BBVA Securities Inc., BMO Capital Markets Corp. and Fifth Third Securities Inc., while the co-managers are Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, SG Americas Securities LLC and Goldman Sachs & Co. LLC.

The joint book-running managers for the 3.100% notes due 2027 are Merrill Lynch Pierce Fenner & Smith, Wells Fargo Securities, MUFG Securities Americas, BBVA Securities, BMO Capital Markets and Fifth Third Securities Inc. The senior co-managers are Loop Capital Markets, Mizuho Securities USA and PNC Capital Markets, while the co-managers include Citigroup Global Markets, Credit Suisse Securities (USA), J.P. Morgan Securities, Morgan Stanley & Co., SG Americas Securities and Goldman Sachs & Co.