Nasdaq Raises Fund Via Debt Offerings To Fund Adenza Buyout

Nasdaq Inc NDAQ disclosed the pricing of a public offering of $4.25 billion and €750 million senior notes offerings. 

The company plans to use the net proceeds from the offerings to fund the pending acquisition of Adenza Holdings, Inc. 

Nasdaq will also use the cash to repay Adenza's and its subsidiaries' outstanding debt and related expenses.

The company expects the offering to close on June 28, 2022, upon customary closing conditions.

Last week, Nasdaq disclosed an agreement to acquire Adenza from Thoma Bravo for $10.5 billion in cash and common shares.

In April, Nasdaq clocked a first-quarter revenue increase of 2% year-over-year to $914 million, beating the consensus of $908.93 million, and adjusted EPS of $0.69, beating the Street view of $0.66.

As of March 31, 2023, Nasdaq's cash and equivalents stood at $430 million.

Also Read: Nasdaq Transfers Its European Power Business To EEX For Undisclosed Sum

Price Action: NDAQ shares are trading lower by 0.30% at $49.40 premarket on the last check Friday.