MSCI Inc. Announces Extension of Senior Credit Facility
NEW YORK -- December 12, 2013
MSCI Inc. (NYSE:MSCI), a leading provider of investment decision support tools
worldwide, including indices, portfolio risk and performance analytics and
corporate governance services, announced today that it has extended the
maturity of its 5-Year First Lien Credit Facility to December 12, 2018 from
May 4, 2017. The $910MM 5-Year First Lien Credit Facility consists of a $100MM
5-Year Revolver and a $810MM 5-Year Term Loan A Facility. MSCI also amended
the amortization schedule of required debt payments under its senior secured
5-Year Term Loan A Facility.
“The extended facility pushes back the maturity of the Term Loan Facility
until 2018 and reduces the amount of required debt payments we face before
that date, with no change in our current interest rates,” said Bob Qutub,
MSCI’s Chief Financial Officer.
Morgan Stanley MUFG Loan Partners, LLC, acting through Morgan Stanley Senior
Funding, Inc. and The Bank of Tokyo Mitsubishi UFJ, Ltd, was the Sole Arranger
and the Sole Bookrunner on the transaction.
About MSCI Inc.
MSCI Inc. is a leading provider of investment decision support tools to
investors globally, including asset managers, banks, hedge funds and pension
funds. MSCI products and services include indices, portfolio risk and
performance analytics, and governance tools.
The company’s flagship product offerings are: the MSCI indices with
approximately $7.5 trillion estimated to be benchmarked to them on a worldwide
basis^1; Barra multi-asset class factor models, portfolio risk and performance
analytics; RiskMetrics multi-asset class market and credit risk analytics; IPD
real estate information, indices and analytics; MSCI ESG (environmental,
social and governance) Research screening, analysis and ratings; ISS
governance research and outsourced proxy voting and reporting services; and
FEA valuation models and risk management software for the energy and
commodities markets. MSCI is headquartered in New York, with research and
commercial offices around the world. MSCI#IR
^1As of March 31, 2013, as published by eVestment, Lipper and Bloomberg on
July 31, 2013
For further information on MSCI, please visit our web site at www.msci.com
Edings Thibault, MSCI, New York, + 1-212-804-5273
Jo Morgan, MSCI, London, + 44.20.7618.2224
Kristin Meza, MSCI, New York, + 1-212-804-5330
Sally Todd | Christian Pickel, MHP Communications, London, + 44.20.3128.8515
Press spacebar to pause and continue. Press esc to stop.