Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Igloo Holdings Corporation Announces Closing of the Offering of 8.25%/9.00% Senior PIK Toggle Notes Due 2017


Print article Print article
© Marketwire 2012
2012-12-18 22:39:04 -

BEDFORD, MA -- (Marketwire) -- 12/18/12 -- Igloo Holdings Corporation (the "Company") today announced the closing of its offering of $350 million in aggregate principal amount of 8.25%/9.00% senior PIK toggle notes due 2017 (the "Notes"). The Company is the indirect parent company of Interactive Data Corporation.



The Company estimates that the net proceeds from the offering will be approximately $339 million, after deducting the initial purchasers' discounts and estimated offering expenses. The Company intends to use the net proceeds from the offering, together with $100.0 million of cash on hand, to pay a dividend to its shareholders and a distribution to its optionholders totaling approximately $439 million.





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 that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements related to the anticipated use of proceeds of the offering of the Notes. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are set forth in Interactive Data Corporation's Current Report on Form 8-K dated December 13, 2012 and its Annual Report on Form 10-K for the year ended December 31, 2011, under the captions "Risks Related to our Business" and "Risk Factors," respectively, as well as in Interactive Data Corporation's other current and periodic filings. Each of these reports is on file with the Securities and Exchange Commission and is available in the "Investors" section of Interactive Data Corporation's website under the heading "SEC Filings." The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise.




COMPANY CONTACTS
Investors:
Andrew Kramer
781-687-8306
Email Contact : www2.marketwire.com/mw/emailprcntct?id=B18632C5DA8E6143



Press Information:




Contact Person:


Disclaimer: (c) 2014 Market Wire. All of the press releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Market Wire's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser