S&P Global announced that Mobility Global Inc., the newly formed holding company for its Mobility division, has priced a $2 billion private offering of senior notes. This financing is a significant step in the planned separation and spin-off of the Mobility division into a standalone public company.
Key Details
- Total Offering: $2 billion in senior notes across three tranches.
- Note Tranches: The offering consists of $650M of 5.050% notes due 2029, $650M of 5.450% notes due 2031, and $700M of 6.050% notes due 2036.
- Closing Date: The offering is expected to close on May 29, 2026, subject to customary conditions.
- Use of Proceeds: Net proceeds will be used to finance a cash payment to S&P Global as part of the separation agreement.
- Additional Financing: Mobility Global Inc. has also secured a $500 million senior unsecured revolving credit facility.