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NEW YORK - MSCI Inc. (NYSE:MSCI), a $43 billion market cap investment tools provider with impressive 82% gross margins, has priced a $1.25 billion offering of senior unsecured notes due 2035 at an issue price of 99.417%, the company announced Tuesday.
The notes will carry a 5.250% annual interest rate, payable semi-annually beginning March 1, 2026, with interest accrual starting August 8, 2025. The offering is expected to settle on August 8, subject to customary closing conditions. According to InvestingPro data, MSCI’s current ratio of 0.86 indicates some pressure on short-term liquidity, making this debt offering particularly strategic.
MSCI plans to use the proceeds to repay outstanding borrowings under its revolving credit facility and cover related expenses. Remaining funds will be allocated for general corporate purposes, which may include stock repurchases, investments, and acquisitions.
J.P. Morgan and BofA Securities are serving as lead book-running managers for the offering, with Goldman Sachs & Co. LLC, Morgan Stanley, Citizens Capital Markets, RBC Capital Markets, and TD Securities acting as joint book-running managers.
MSCI has filed a registration statement with the Securities and Exchange Commission for this offering, which automatically became effective upon filing on March 8, 2024.
Founded over 50 years ago, MSCI provides decision support tools and services for the global investment community, offering research-enhanced solutions that help clients analyze risk and return drivers and build portfolios. The company has demonstrated strong growth with revenue increasing 10.5% over the last twelve months. InvestingPro analysis reveals several additional growth metrics and insights available to subscribers, including 8 key financial health indicators and detailed valuation metrics. Get access to MSCI’s comprehensive Pro Research Report, part of InvestingPro’s coverage of over 1,400 US stocks.
The information in this article is based on a press release statement from MSCI Inc.
In other recent news, MSCI Inc. reported better-than-expected earnings for the second quarter of 2025. The company’s earnings per share reached $4.17, slightly surpassing the forecast of $4.14. Additionally, MSCI’s revenue exceeded expectations, coming in at $772.68 million compared to the projected $769.56 million. Despite these positive earnings results, Evercore ISI adjusted its price target for MSCI to $588.00 from $631.00, maintaining an Outperform rating. The adjustment was attributed to slower-than-anticipated subscription growth, with Evercore acknowledging that a reacceleration in this area is unlikely in the near term. Moreover, MSCI announced the launch of a senior unsecured notes offering, intending to use the proceeds to repay outstanding borrowings and for general corporate purposes. These developments reflect ongoing strategic moves and market evaluations impacting MSCI.
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