Intercontinental Exchange’s $8 Billion Notes Offering

Sullivan & Cromwell advised Intercontinental Exchange, while Davis Polk advised the joint book-running managers in the offering.

Intercontinental Exchange, Inc. executed its offering of $1.25 billion in aggregate principal amount of 3.650% senior notes due 2025, $1.5 billion in aggregate principal amount of 4.000% senior notes due 2027, $1.25 billion in aggregate principal amount of 4.350% senior notes due 2029, $1.5 billion in aggregate principal amount of 4.600% senior notes due 2033, $1.5 billion in aggregate principal amount of 4.950% senior notes due 2052 and $1 billion in aggregate principal amount of 5.200% senior notes due 2062.

BofA Securities, Inc., Goldman Sachs & Co. LLC, and Wells Fargo Securities, LLC acted as joint book-running managers.

Intercontinental Exchange is a global operator of regulated exchanges, clearinghouses and listing venues and a provider of data services for commodity, fixed income and equity markets.

The Sullivan & Cromwell team was led by Catherine M. Clarkin (Picture).

The Davis Polk corporate team included partner Joseph A. Hall and associates Yoojin Nairn-Kim and Yi Wang. The tax team included partner Michael Farber and associate Ben Levenback.

Involved fees earner: Michael Farber – Davis Polk & Wardwell; Joseph Hall – Davis Polk & Wardwell; Ben Levenback – Davis Polk & Wardwell; Yoojin Nairn-Kim – Davis Polk & Wardwell; Yi Wang – Davis Polk & Wardwell; Catherine Clarkin – Sullivan & Cromwell;

Law Firms: Davis Polk & Wardwell; Sullivan & Cromwell;

Clients: Bank of America Securities; Goldman Sachs & Co.; Intercontinental Exchange; Wells Fargo Securities;