|By Marketwired .||
|April 16, 2014 08:49 AM EDT||
NEW YORK, NY -- (Marketwired) -- 04/16/14 -- Interactive Data Corporation (the "Company") today announced that it intends to offer $200 million in aggregate principal amount of senior notes due 2019 (the "Notes") in a private placement, subject to market and other conditions.
The Company intends to use the net proceeds from any such placement, together with the net proceeds of the expected borrowings under the Company's new credit facility and cash on hand, to refinance its existing term loans, to redeem its existing 10.25% senior notes due 2018, and to fund a distribution to its parent entities, which in turn intend to pay an approximately $273 million distribution to their equity holders.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes nor shall there be any sale of the Notes in any state in which such offer, solicitation or sale would be unlawful. The Notes to be offered have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States absent registration or pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
Cautionary Note Regarding Forward-Looking Statements
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements related to the proposed new credit facility and proposed offering of the Notes and the anticipated use of proceeds therefrom. These forward-looking statements reflect the current views of the Company with respect to future events and are based on assumptions and are subject to risks and uncertainties. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. For additional information concerning risks, uncertainties and other factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to the Company's business in general, please refer to the Company's SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2013.
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