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by | August 10, 2022 |

Our Clients

August 9, 2022
$2.5bn ASR
Size: $2.5 billion
Structure: Uncollared
Financial Advisor: Matthews South
Number of Executing Banks: 2

$2.5bn Accelerated Share Repurchase

Overview

  • Matthews South advised S&P Global on their $2.5 billion ASR
  • This ASR is part of the company’s plan to repurchase $12 billion shares after the closing of its $140 billion merger with IHS Markit on February 28, 2022
  • This was the fourth ASR on which we advised S&P Global

Pricing, Structuring, & Execution Advice in a Volatile Market

  • We assisted the company in:
    • Structuring the transaction to optimize for the size and the company’s full capital return objectives,
    • Coordinating pricing and execution with the bank group,
    • Reviewing documentation and ensuring market standard terms,
    • Conducting accounting analysis to support equity treatment of the ASR.
  • Inclusive of this transaction, Matthews South has advised clients on over $77 billion of share repurchases to date

Additional Deals for S&P Global:

  • March 2022: $7bn Accelerated Share Buyback
  • May 2022: Supplemental $1.5bn Accelerated Share Buyback

Contact Us

To learn more about our solutions or to schedule a demo of our software, please contact us by filling out the form below, or email us at info@matthewssouth.com.






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