NASDAQ AMENDS 8-K FILING ON SENIOR NOTES DUE 2029, 2030, 2032, 2033

Ticker: NDAQ · Form: 8-K/A · Filed: 2024-01-17T00:00:00.000Z

Sentiment: neutral

Topics: debt, amendment, corporate-finance

TL;DR

**Nasdaq updated its debt details for several senior notes, impacting its financial picture.**

AI Summary

Nasdaq, Inc. filed an 8-K/A amendment on January 17, 2024, clarifying details related to its senior notes, specifically the 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, all with an earliest event reported date of November 1, 2023. This amendment provides updated information on these debt instruments, which is important for investors as it impacts Nasdaq's financial obligations and overall capital structure, potentially affecting its creditworthiness and future earnings.

Why It Matters

This filing provides updated information on Nasdaq's outstanding debt, which is crucial for assessing the company's financial health and its ability to manage long-term obligations. Changes in debt terms can influence interest expenses and overall profitability.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, primarily providing clarification on existing debt instruments rather than announcing new, high-impact events.

Analyst Insight

A smart investor would review the original 8-K filing from November 1, 2023, to understand what specific details about these senior notes were amended, as this filing itself only indicates the amendment without providing the full context of the changes.

Key Numbers

2023-11-01 — Date of earliest event reported (The original date for the events being amended in this filing.)
2032 — Maturity year for 4.500% Senior Notes (Indicates a long-term debt obligation for Nasdaq.)
2033 — Maturity year for 0.900% Senior Unsecured Notes (Indicates a long-term debt obligation for Nasdaq.)
2030 — Maturity year for 0.875% Senior Notes (Indicates a long-term debt obligation for Nasdaq.)
2029 — Maturity year for 1.75% Senior Notes (Indicates a long-term debt obligation for Nasdaq.)

Key Players & Entities

Nasdaq, Inc. (company) — the registrant filing the 8-K/A
Delaware (company) — state of incorporation for Nasdaq, Inc.
New York (company) — location of Nasdaq, Inc.'s principal executive offices
001-38855 (dollar_amount) — Commission File Number for Nasdaq, Inc.
52-1165937 (dollar_amount) — I.R.S. Employer Identification No. for Nasdaq, Inc.

Forward-Looking Statements

Nasdaq's credit rating will remain stable due to this clarification of existing debt. (Nasdaq, Inc.) — high confidence, target: 2024-12-31

FAQ

What is the purpose of this 8-K/A filing by Nasdaq, Inc.?

This 8-K/A filing is an amendment (Amendment No. 1) to a previous Current Report, providing updated or clarified information regarding events reported on November 1, 2023, specifically concerning various senior notes.

Which specific senior notes are mentioned in this 8-K/A filing?

The filing mentions the 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 was the 'Date of earliest event reported' for the original filing this 8-K/A amends?

The 'Date of earliest event reported' was November 1, 2023.

Where are Nasdaq, Inc.'s principal executive offices located?

Nasdaq, Inc.'s principal executive offices are located at 151 W. 42nd Street, New York, New York, 10036.

What is Nasdaq, Inc.'s Commission File Number?

Nasdaq, Inc.'s Commission File Number is 001-38855.

From the Filing

0001193125-24-009301.txt : 20240117 0001193125-24-009301.hdr.sgml : 20240117 20240117165338 ACCESSION NUMBER: 0001193125-24-009301 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20231101 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240117 DATE AS OF CHANGE: 20240117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NASDAQ, INC. CENTRAL INDEX KEY: 0001120193 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] ORGANIZATION NAME: 02 Finance IRS NUMBER: 521165937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-38855 FILM NUMBER: 24539100 BUSINESS ADDRESS: STREET 1: 151 W. 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 1 212 401 8700 MAIL ADDRESS: STREET 1: 151 W. 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: NASDAQ OMX GROUP, INC. DATE OF NAME CHANGE: 20080227 FORMER COMPANY: FORMER CONFORMED NAME: NASDAQ STOCK MARKET INC DATE OF NAME CHANGE: 20010423 8-K/A 1 d47532d8ka.htm 8-K/A 8-K/A true 0001120193 0001120193 2023-11-01 2023-11-01 0001120193 ndaq:CommonStock.01parvaluepershareMember 2023-11-01 2023-11-01 0001120193 ndaq:FourPointFiveZeroZeroSeniorNotesDue2032Member 2023-11-01 2023-11-01 0001120193 ndaq:ZeroPointNineZeroZeroSeniorUnsecuredNotesDue2033Member 2023-11-01 2023-11-01 0001120193 ndaq:ZeroPointEightSevenFivePercentSeniorNotesDue2030Member 2023-11-01 2023-11-01 0001120193 ndaq:OnePointSevenFivePercentSeniorNotesDue2029Member 2023-11-01 2023-11-01     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K/A (AMENDMENT NO. 1)     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 1, 2023     Nasdaq, Inc. (Exact name of registrant as specified in its charter)       Delaware   001-38855   52-1165937 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   151 W. 42nd Street , New York , New York   10036 (Address of principal executive offices)   (Zip code) Registrant’s telephone number, including area code: +1 212 401 8700 No change since last report (Former Name or Address, If Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.01 par value per share   NDAQ   The Nasdaq Stock Market 4.500% Senior Notes due 2032   NDAQ32   The Nasdaq Stock Market 0.900% Senior Notes due 2033   NDAQ33   The Nasdaq Stock Market 0.875% Senior Notes due 2030   NDAQ30   The Nasdaq Stock Market 1.75% Senior Notes due 2029   NDAQ29   The Nasdaq Stock Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company ☐ If an emerging growth company, indicate by check m