S&P Global Starts Private Offering of $2 Billion in Debt Ahead of Mobility Global Spinoff
By Kelly Cloonan
S&P Global commenced a private offering of $2 billion in senior notes by Mobility Global ahead of a planned spinoff of the mobility business.
The financial intelligence company said Monday that Mobility Global has also entered into a $500 million senior unsecured revolving credit facility.
Mobility Global plans to use the proceeds from the offering to pay S&P Global a cash consideration for transferring certain assets, liabilities and entities. It expects to use any remaining proceeds to fund estimated fees and expenses and for general corporate purposes.
The notes included in the offering are due 2029, 2031 and 2036, S&P Global said.
Mobility Global was recently formed as a holding company for S&P Global's mobility division, which provides data and analytics to automakers, suppliers, dealers and others across the auto industry. S&P Global has said it plans to spin off the unit into an independent, public company by mid-2026.
Shares of S&P Global ticked up 3.6% to $417.46. The stock is down 20% year to date.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
May 18, 2026 12:19 ET (16:19 GMT)
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