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Moody's prices senior notes offering

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Moody's prices senior notes offering

Moody's Corp. has priced its offering of $1.0 billion aggregate principal amount of notes consisting of $500 million of 2.625% senior unsecured notes due 2023 and $500 million of 3.250% senior unsecured notes due 2028.

The offering is expected to close June 12.

Moody's plans to use net proceeds, together with additional borrowings under a new term loan facility, cash from its balance sheet and short term borrowings, to fund the acquisition of Bureau van Dijk Electronic Publishing BV.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Merrill Lynch Pierce Fenner & Smith Inc. are the joint book-running managers for the offering.