S&P Global (SPGI) said Monday it commenced a private offering of $2 billion in senior notes through its recently formed Mobility Global holding company.
The debt sale includes notes maturing in 2029, 2031, and 2036 ahead of the planned separation of the mobility division, the company said.
The spinoff entity also secured a $500 million senior unsecured revolving credit facility, S&P Global said. Proceeds from the notes will help fund a cash payment to S&P Global and general corporate purposes.
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