Pintoff Scott sold $12K of MKTX

ICE completed a $3.75B debt offering to fund its acquisition of MarketAxess. The offering included four tranches with coupons ranging from 4.700% to 5.400%. Net proceeds were approximately $3.71B. The acquisition is expected to be a strategic expansion for ICE, but increases its debt load.

Intercontinental Exchange (ICE) completed a $3.71B net senior note offering, issuing $3.75B across four tranches. Proceeds, along with other financing, will fund the MarketAxess acquisition. The notes were sold under ICE's Form S-3 shelf and issued under an existing indenture.

ICE (Intercontinental Exchange) is selling up to $3.5B of investment-grade bonds in five tranches with maturities of 3 to 10 years, led by Bank of America and Wells Fargo. The longest tranche is priced at about 1.15 percentage points over comparable Treasuries. Proceeds replace ICE’s $6.25B bridge loan tied to its planned $6B MarketAxess acquisition.

Intercontinental Exchange (ICE), owner of the NYSE, launched a multi-tranche US investment-grade bond offering totaling up to $6B to fund its planned all-cash acquisition of MarketAxess Holdings. ICE will pay $167 per share, about $6B total deal value, and expects closing in 1H 2027. ICE targets $100M annual synergies and higher EPS after closing.

Intercontinental Exchange (ICE) began issuing U.S. investment-grade corporate bonds to help fund its roughly $6 billion acquisition of MarketAxess Holdings, announced two weeks earlier. The deal is expected to be paid in cash at $167 per share. Bond tranches may run 3 to 10 years, with longest-maturity pricing about 1.15 percentage points over Treasuries.

Intercontinental Exchange (ICE) began selling US investment-grade bonds in up to five tranches to finance its planned $6 billion acquisition of MarketAxess (MKTX), according to Bloomberg. The note offering has maturities of 3 to 10 years, with price talk for the longest tenor about 1.15 percentage points over Treasuries. Bank of America and others manage the sale.