S&P Global Inc. (NYSE:SPGI) announced today the pricing of a $2 billion private offering of senior notes by Mobility Global Inc., a newly formed holding company for its Mobility division ahead of a planned separation.
The offering consists of $650 million of 5.050% senior notes due 2029, $650 million of 5.450% senior notes due 2031, and $700 million of 6.050% senior notes due 2036. The offering is expected to close on May 29, 2026, subject to customary conditions.
The debt raise comes as S&P Global carries total debt of $13.9 billion against a market capitalization of $121.2 billion. According to Bond.az analysis, the stock currently trades below its Fair Value.
Mobility Global has also entered into a $500 million senior unsecured revolving credit facility. S&P Global intends to separate its Mobility division through a spinoff to shareholders.
The notes were offered to qualified institutional buyers under Rule 144A and to persons outside the US under Regulation S. Mobility Global provides data and analytics across the vehicle lifecycle, with brands including CARFAX, automotiveMastermind, Polk Automotive Solutions, and Market Scan.
In other recent news, S&P Global integrated energy insights into its Capital IQ Pro platform. The company also revealed the eight-member Board of Directors for Mobility Global, which is set to become an independent public company by mid-2026.
