mcgraw hill financial inc (MHFI) Key Developments
McGraw Hill Financial, Inc. Announces Pricing of Senior Notes
May 20 15
McGraw Hill Financial, Inc. announced the pricing of its offering of $700 million in aggregate principal amount of senior notes due 2025 (notes) in a private placement transaction pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (Securities Act). The offering is expected to close on May 26, 2015, subject to customary closing conditions. The notes will bear interest at a rate of 4.00% per annum and will pay interest semi-annually in cash in arrears on June 15 and December 15 of each year, beginning on December 15, 2015. The notes will mature on June 15, 2025. The notes will be guaranteed by McGraw Hill Financial's subsidiary Standard & Poor's Financial Services LLC. McGraw Hill Financial intends to use the net proceeds from the offering for general corporate purposes.
McGraw Hill Financial, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-12-2015 03:00 PM
Apr 30 15
McGraw Hill Financial, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-12-2015 03:00 PM. Venue: Mandarin Oriental Brickell, Miami, Florida, United States. Speakers: Robert S. Merritt, Vice President of Investor Relations.
McGraw Hill Financial, Inc. Declares Regular Quarterly Cash Dividend , Payable on June 10, 2015
Apr 29 15
The board of directors of McGraw Hill Financial has approved a regular quarterly cash dividend of $0.33 per share. The dividend is payable on June 10, 2015, to shareholders of record on May 27, 2015. The annualized dividend rate is $1.32 per share.
McGraw Hill Financial, Inc. Presents at UBS Financial Services Conference, May-13-2015
Apr 29 15
McGraw Hill Financial, Inc. Presents at UBS Financial Services Conference, May-13-2015 . Venue: Grand Hyatt New York, 109 East 42nd Street, New York, New York, United States. Speakers: Chip Merritt, VP Investor Relations, John F. Callahan, Chief Financial Officer and Executive Vice President.
McGraw Hill Financial, Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended Mar. 31, 2015; Reaffirms Financial Guidance for 2015
Apr 28 15
McGraw Hill Financial, Inc. reported unaudited consolidated financial results for the first quarter ended Mar. 31, 2015. The company reported first quarter 2015 results with revenue of $1.27 billion, an increase of 6% compared to $1.196 billion for the same period last year. Net income and diluted earnings per share from continuing operations were $303 million and $1.10, respectively against net income and diluted earnings per share from continuing operations were $241 million and $0.87, respectively for the same period last year. Adjusted net income from continuing operations increased 24% to $299 million and adjusted diluted earnings per share from continuing operations increased 25% to $1.09. The adjustments in the first quarter of 2015 were related to insurance recoveries for legal settlements largely offset by settlement charges. Operating profit was $501,000 against $420,000 for the same period of last year. Income from continuing operations before taxes on income was $485,000 against $406,000 for the same period of last year. Income from continuing operations was $329,000 against $268,000 for the same period of last year. Net income attributable to McGraw Hill Financial, Inc. common shareholders was $303,000 or $1.10 per diluted share compared to $248,000 or $0.89 per diluted share for the same period of last year. Cash used for operating activities from continuing operations was $1,349,000 against inflow of $114,000 for the same period of last year. Capital expenditures were $16,000 against $20,000 for the same period of last year.
The company announced that there is no change to the company's guidance for 2015. Adjusted diluted earnings per share guidance for 2015 remains $4.35 to $4.45.