Nasdaq Issues Over $7 Billion in Senior Notes
Ticker: NDAQ · Form: 8-K · Filed: Apr 30, 2024 · CIK: 1120193
| Field | Detail |
|---|---|
| Company | Nasdaq, Inc. (NDAQ) |
| Form Type | 8-K |
| Filed Date | Apr 30, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $583 m, $174 m, $331 million, $130 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, notes
Related Tickers: NDAQ
TL;DR
Nasdaq just dropped over $7B in new debt across multiple note series.
AI Summary
On April 30, 2024, Nasdaq, Inc. filed an 8-K report detailing the issuance of senior notes. The company issued $4.500 billion in Senior Notes due 2032, $0.900 billion in Senior Notes due 2033, $0.875 billion in Senior Notes due 2030, and $1.75 billion in Senior Notes due 2029. These issuances are part of Nasdaq's ongoing financing activities.
Why It Matters
This filing indicates Nasdaq is raising significant capital through debt, which could be used for acquisitions, expansion, or refinancing existing debt, impacting its financial leverage and future growth strategies.
Risk Assessment
Risk Level: medium — Issuing a large amount of debt increases financial leverage and interest expenses, which can pose risks if the company's revenue or profitability declines.
Key Numbers
- $7.025 billion — Total Senior Notes Issued (Sum of all senior notes issued in this filing ($4.5B + $0.9B + $0.875B + $1.75B).)
- 2032, 2033, 2030, 2029 — Maturity Years (These are the years in which the newly issued senior notes will mature.)
Key Players & Entities
- Nasdaq, Inc. (company) — Registrant
- April 30, 2024 (date) — Report Date
- $4.500 billion (dollar_amount) — Senior Notes due 2032 issuance
- $0.900 billion (dollar_amount) — Senior Notes due 2033 issuance
- $0.875 billion (dollar_amount) — Senior Notes due 2030 issuance
- $1.75 billion (dollar_amount) — Senior Notes due 2029 issuance
FAQ
What is the total principal amount of senior notes issued by Nasdaq, Inc. in this filing?
Nasdaq, Inc. issued a total of $7.025 billion in senior notes across four different series: $4.500 billion due 2032, $0.900 billion due 2033, $0.875 billion due 2030, and $1.75 billion due 2029.
What are the specific maturity dates for the senior notes issued?
The senior notes have maturity dates in 2032, 2033, 2030, and 2029.
What is the purpose of this 8-K filing?
This 8-K filing is to report on the 'Other Events' and 'Financial Statements and Exhibits' related to the issuance of senior notes by Nasdaq, Inc.
When was this report filed with the SEC?
This report was filed with the SEC on April 30, 2024.
What is the aggregate amount of the senior notes due in 2030 and 2029?
The aggregate amount of senior notes due in 2030 is $0.875 billion, and the aggregate amount due in 2029 is $1.75 billion.
Filing Stats: 790 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-04-30 16:10:05
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share NDAQ The Nasdaq
- $583 m — December 31, 2023, Adenza's revenue was $583 million, GAAP operating income was $174 m
- $174 m — $583 million, GAAP operating income was $174 million, and non-GAAP operating income wa
- $331 million — lion, and non-GAAP operating income was $331 million. Non-GAAP operating income is calculate
- $130 million — me excluding intangible amortization of $130 million and restructuring related costs of $27
- $27 million — lion and restructuring related costs of $27 million for the year ended 2023. We believe our
Filing Documents
- d783957d8k.htm (8-K) — 34KB
- d783957dex991.htm (EX-99.1) — 148KB
- 0001193125-24-125075.txt ( ) — 364KB
- ndaq29-20240430.xsd (EX-101.SCH) — 5KB
- ndaq29-20240430_def.xml (EX-101.DEF) — 14KB
- ndaq29-20240430_lab.xml (EX-101.LAB) — 23KB
- ndaq29-20240430_pre.xml (EX-101.PRE) — 15KB
- d783957d8k_htm.xml (XML) — 9KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (b) Pro forma financial information . The unaudited pro forma condensed combined financial information of the Company, giving effect to the Adenza Acquisition, for the year ended December 31, 2023, and the accompanying notes thereto, are filed as Exhibit 99.1 and incorporated herein by reference. (d) Exhibits . Exhibit No. Exhibit Description 99.1 Unaudited pro forma condensed combined financial information of Nasdaq, Inc. for the year ended December 31, 2023, and the accompanying notes thereto. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.
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: April 30, 2024 NASDAQ, INC. By: /s/ John A. Zecca Name: John A. Zecca Title: Executive Vice President and Chief Legal Officer