Factset Mergers and Acquisitions Presentation Deck
FACTSET
FactSet contemplating inaugural bond issuance
Longer-term capital structure
FactSet to pursue credit ratings in conjunction with potential bond issuance
Shelf-registration statement (Form S-3) filed on Tuesday, January 4
Rating agency meetings to be scheduled during January
Considering bond issuance of approximately $1 billion
Bank of America and PNC Bank would lead any anticipated bond issuance
2 Anticipated Bond issuance proceeds used to replace initially committed bank
financing (namely, the 18-Month Term Loan A)
3 Following closing of CGS acquisition and financing transactions:
Prioritize excess cash flow to repay debt
Will suspend share repurchases for the remainder of fiscal 2022 1
No change to dividend policy
-
1. Excluding minor share repurchases to offset dilution impact from stock option grants
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Funded Debt ($ billions)
Pro forma for closing of
CGS acquisition and financing transactions
$2.25 billion
0.3
1.0
1.0
Initial
Bonds
3-Year Term Loan
$2.25 billion
0.3
1.0
1.0
3
Potential Bond
Issuance
18-Month Term Loan
Drawn Revolver
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