S&P Global Commences $2 Billion Private Offering for Mobility Division Separation
S&P Global has announced a private offering of $2 billion in senior notes by its newly formed holding company, Mobility Global Inc., ahead of the planned spin-off of its Mobility division. The proceeds will be used to finance a cash payment to S&P Global and cover fees related to the separation.
Tickers: $SPGI
Topics: debt issuance spin-off announcement