Nasdaq Issues Over $7 Billion in Senior Notes

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

From the Filing

0001193125-24-125075.txt : 20240430 0001193125-24-125075.hdr.sgml : 20240430 20240430161005 ACCESSION NUMBER: 0001193125-24-125075 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240430 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240430 DATE AS OF CHANGE: 20240430 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: 24897251 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 d783957d8k.htm 8-K 8-K false 0001120193 0001120193 2024-04-30 2024-04-30 0001120193 us-gaap:CommonStockMember 2024-04-30 2024-04-30 0001120193 ndaq29:M4.500SeniorNotesDue2032Member 2024-04-30 2024-04-30 0001120193 ndaq29:M0.900SeniorNotesDue2033Member 2024-04-30 2024-04-30 0001120193 ndaq29:M0.875SeniorNotesDue2030Member 2024-04-30 2024-04-30 0001120193 ndaq29:M1.75SeniorNotesDue2029Member 2024-04-30 2024-04-30     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): April 30, 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 Company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revis