MSCI to price $500 million 8.5-year senior notes in Monday drive-by; early guidance low 5% area

By Paul A. Harris

Portland, Ore., May 14 – MSCI Inc. plans to price a $500 million offering of 8.5-year senior notes (Ba2/BB+) in a Monday drive-by, according to a market source.

Early guidance has the Rule 144A and Regulation S deal coming to yield in the low 5% area.

J.P. Morgan Securities LLC is leading the deal.

The notes come with three years of call protection.

The New York-based financial services provider plans to use the proceeds for general corporate purposes, including buybacks of its common stock and potential acquisitions.

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