ICE · News · 20260811N

Acquisition / Partnership / Divestiture

Intercontinental Exchange, Inc. · 2026-08-11 · Importance 71 · Surprise 60 · In source text

Intercontinental Exchange began marketing a U.S. investment-grade bond offering to help finance its recently announced $6 billion acquisition of MarketAxess Holdings. The offering may include up to five tranches with maturities ranging from three to ten years. The debt proceeds are intended to replace bridge financing previously arranged with Bank of America. The acquisition would expand ICE’s Fixed Income & Data Services capabilities through ownership of a major fixed-income trading platform.

Key facts

• Intercontinental Exchange has commenced the sale of US investment-grade bonds to finance its recently announced $6 billion acquisition of MarketAxess Holdings Inc. source
• Intercontinental Exchange is reportedly planning to raise $3.75 billion from a bond sale to help finance its acquisition of Black Knight. source
• GuruFocus reported that Intercontinental Exchange is undertaking a $6 billion bond offering to finance its acquisition of MarketAxess and that ICE looks 12.3% undervalued on GF Value™. source
• The company reported Q2 earnings of $1.90 EPS and revenue of $3.61 billion. source
• The bond offering is structured in up to five parts with maturities ranging from three to ten years and aims to replace the bridge financing previously arranged with Bank of America Corp. source
• NewEdge Advisors LLC increased its holdings in Intercontinental Exchange by 41.3% in the first quarter to 39,775 shares valued at $6.26 million. source
• The bond sale includes as many as five parts with maturities ranging from three to ten years. source
• Institutional investors collectively own 89.3% of Intercontinental Exchange's stock. source

Impact estimates