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IHS, Markit disclose results to date of exchange offer

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IHS, Markit disclose results to date of exchange offer

IHS and MarkitLtd. announced the results to date of Markit's to exchange and consentsolicitation with respect to any and all of the outstanding $750.0 millionaggregate principal amount of 5.000% senior notes due 2022 that IHS issued.

The IHS notes will be exchangedfor up to an aggregate principal amount of $750.0 million of new 5.000%senior notes due 2022 to be issued by Markit and cash.

The exchange offer and consent solicitation are part of IHSand Markit's mergeragreement. Upon closing, the combined company will berenamed IHS Markit Ltd.

As of 5 p.m. on July 11, tenders and consents from holdersof approximately $740.7 million, or 98.8%, of the aggregate principal amount ofoutstanding existing IHS notes, were validly received and not withdrawn.

Markit also extended the date by which tenders must bereceived for holders to receive the total exchange consideration to 11:59 p.m.ET on July 25, unless extended.

The withdrawal deadline has passed and holders may no longerwithdraw existing IHS notes tendered or revoke consents delivered.

For each $1,000 principal amount of existing IHS notes validlytendered and accepted for exchange, the exchange consideration is $950principal amount of new IHS Markit notes and $5.00 in cash; the early tenderpremium is $50 principal amount of new IHS Markit notes; and the total exchangeconsideration, which includes early tender premium, is $1,000 principal amountof new IHS Markit notes and $5.00 in cash.

D.F. King & Co. Inc. is the exchange agent andinformation agent for the exchange offer and consent solicitation.