McGraw Hill $2 billion notes issue

Overview:

• McGraw Hill Financial issued $2 billion of senior notes.
• This included the offer of $400 2.5% notes due 2018, $700 million 3.3% notes due 2020 and $900 million 4.4% senior notes due 2026
• The company used the proceeds from the issue to finance its acquisition of SNL Financial and for general corporate purposes.  
• McGraw Hill Financial owns Standard & Poor’s Financial Services, which guaranteed the notes. 

Rani Mehta - Journalist