Nasdaq 8-K Details Financials, Senior Notes on Jan 31, 2024

Ticker: NDAQ · Form: 8-K · Filed: 2024-01-31T00:00:00.000Z

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.

From the Filing

0001193125-24-020225.txt : 20240131 0001193125-24-020225.hdr.sgml : 20240131 20240131071403 ACCESSION NUMBER: 0001193125-24-020225 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20240131 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 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 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38855 FILM NUMBER: 24580625 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 1 d169716d8k.htm 8-K 8-K false 0001120193 0001120193 2024-01-31 2024-01-31 0001120193 ndaq:CommonStock.01parvaluepershareMember 2024-01-31 2024-01-31 0001120193 ndaq:FourPointFiveZeroZeroSeniorNotesDue2032Member 2024-01-31 2024-01-31 0001120193 ndaq:ZeroPointNineZeroZeroSeniorUnsecuredNotesDue2033Member 2024-01-31 2024-01-31 0001120193 ndaq:ZeroPointEightSevenFivePercentSeniorNotesDue2030Member 2024-01-31 2024-01-31 0001120193 ndaq:OnePointSevenFivePercentSeniorNotesDue2029Member 2024-01-31 2024-01-31     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 31, 2024     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