Davis Polk advised McGraw Hill Financial, Inc. in connection with an offering of $400 million aggregate principal amount of its 2.500% senior notes due 2018, $700 million aggregate principal amount of its 3.300% senior notes due 2020 and $900 million aggregate principal amount of its 4.400% senior notes due 2026. The notes are guaranteed by Standard & Poor’s Financial Services LLC, a wholly owned subsidiary of McGraw Hill Financial, and were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S. McGraw Hill Financial intends to use the net proceeds from the offering to finance the previously announced acquisition of SNL Financial LC and for general corporate purposes.
Headquartered in New York City, McGraw Hill Financial is a leading financial intelligence company providing benchmarks and ratings, analytics, data and research services for the capital, commodities and commercial markets worldwide.
The Davis Polk corporate team included partner Joseph A. Hall and associates Gabriel A. de Corral and Cameron Lewis. The tax team included partner Neil Barr and associate Elina Khodorkovsky. Associate Colleen Blanco provided investment management advice. All members of the Davis Polk team are based in the New York office.
Source: www.davispolk.com
