Nasdaq 8-K Details Financials, Senior Notes on Jan 31, 2024
Ticker: NDAQ · Form: 8-K · Filed: Jan 31, 2024 · CIK: 1120193
| Field | Detail |
|---|---|
| Company | Nasdaq, Inc. (NDAQ) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-condition, debt, 8-K, disclosure
TL;DR
**Nasdaq just dropped an 8-K detailing its financials and debt, giving investors a fresh look at its health.**
AI Summary
Nasdaq, Inc. filed an 8-K on January 31, 2024, to report its results of operations and financial condition, along with other events and financial statements. This filing also disclosed information regarding its various senior notes, including 4.500% Senior Notes due 2032, 0.900% Senior Unsecured Notes due 2033, 0.875% Senior Notes due 2030, and 1.75% Senior Notes due 2029. For investors, this matters because it provides a transparent look into the company's financial health and its debt obligations, which can influence future profitability and stock valuation.
Why It Matters
This filing offers a crucial snapshot of Nasdaq's financial performance and debt structure, directly impacting its stability and potential for future growth, which is vital for current and prospective shareholders.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial information and does not indicate any immediate new risks, but rather provides transparency on existing financial conditions.
Analyst Insight
A smart investor would review the detailed financial statements and results of operations, once available, to assess Nasdaq's current financial health and its ability to manage its disclosed debt obligations, especially considering the varying interest rates and maturity dates of its senior notes.
Key Numbers
- 4.500% — Interest rate (for Senior Notes due 2032, indicating cost of debt)
- 0.900% — Interest rate (for Senior Unsecured Notes due 2033, indicating cost of debt)
- 0.875% — Interest rate (for Senior Notes due 2030, indicating cost of debt)
- 1.75% — Interest rate (for Senior Notes due 2029, indicating cost of debt)
Key Players & Entities
- Nasdaq, Inc. (company) — the registrant filing the 8-K
- January 31, 2024 (date) — date of earliest event reported and filing date
- 4.500% (dollar_amount) — interest rate of Senior Notes due 2032
- 2032 (date) — maturity year of 4.500% Senior Notes
- 0.900% (dollar_amount) — interest rate of Senior Unsecured Notes due 2033
- 2033 (date) — maturity year of 0.900% Senior Unsecured Notes
- 0.875% (dollar_amount) — interest rate of Senior Notes due 2030
- 2030 (date) — maturity year of 0.875% Senior Notes
- 1.75% (dollar_amount) — interest rate of Senior Notes due 2029
- 2029 (date) — maturity year of 1.75% Senior Notes
Forward-Looking Statements
- Nasdaq's debt servicing costs will remain stable in the near term due to fixed interest rates on its senior notes. (Nasdaq, Inc.) — high confidence, target: 2025-01-31
FAQ
What is the purpose of Nasdaq, Inc.'s 8-K filing dated January 31, 2024?
The 8-K filing by Nasdaq, Inc. on January 31, 2024, is a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, reporting on Results of Operations and Financial Condition, Regulation FD Disclosure, Other Events, and Financial Statements and Exhibits.
What specific debt instruments are mentioned in this 8-K filing?
The filing specifically mentions Nasdaq's 4.500% Senior Notes due 2032, 0.900% Senior Unsecured Notes due 2033, 0.875% Senior Notes due 2030, and 1.75% Senior Notes due 2029.
What is the earliest event reported date in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 31, 2024.
What is Nasdaq, Inc.'s state of incorporation and business address as per the filing?
Nasdaq, Inc.'s state of incorporation is Delaware, and its business address is 151 W. 42nd Street, New York, New York 10036.
Has Nasdaq, Inc. changed its name recently according to the filing?
The filing indicates that Nasdaq, Inc. was formerly known as NASDAQ OMX Group, Inc. (date of name change: 20080227) and NASDAQ Stock Market Inc (date of name change: 20010423), but there is no change since the last report mentioned for its current name.
Filing Stats: 684 words · 3 min read · ~2 pages · Grade level 8.3 · Accepted 2024-01-31 07:14:03
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share NDAQ The Nasdaq
Filing Documents
- d169716d8k.htm (8-K) — 34KB
- d169716dex991.htm (EX-99.1) — 386KB
- d169716dex992.htm (EX-99.2) — 6KB
- g169716g0129173345410.jpg (GRAPHIC) — 3KB
- 0001193125-24-020225.txt ( ) — 640KB
- ndaq-20240131.xsd (EX-101.SCH) — 5KB
- ndaq-20240131_def.xml (EX-101.DEF) — 14KB
- ndaq-20240131_lab.xml (EX-101.LAB) — 24KB
- ndaq-20240131_pre.xml (EX-101.PRE) — 15KB
- d169716d8k_htm.xml (XML) — 9KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 99.1 Press release dated January 31, 2024 relating to financial results for the fourth quarter and full fiscal year of 2023. 99.2 Press release dated January 31, 2024 relating to the declaration of a quarterly cash dividend. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. The information set forth under "Item 2.02 Results of Operations and Financial Condition" and "Item 7.01 Regulation FD Disclosure" is intended to be furnished pursuant to Item 2.02 and Item 7.01, respectively. Such information, including Exhibit 99.1, shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference into any of Nasdaq's filings under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing. -2-
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 31, 2024 NASDAQ, INC. By: /s/ John A. Zecca Name: John A. Zecca Title: Executive Vice President and Chief Legal Officer -3-