S&P Global has made a private offering of US$2 billion senior notes related to the spinoff of its motor vehicle intelligence division.
A US$500 million senior unsecured revolving credit facility has also been entered into.
S&P Global announced its intentions to turn its mobility segment into its own public company last April, stating that this would drive long-term value creation and allow S&P Global to focus on its core strategies and growth.
Through the holding company Mobility Global, S&P Global will issue US$2 billion across three tranches due 2029, 2031 and 2036.
Proceeds will primarily be used to finance the transfer of assets from S&P Global to Mobility Global. Remaining funds will be used for general corporate purposes.
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