JPM | Spin-Off: S&P Global to spin-off Mobility Global: EMEA and US Special Situations Specialist Commentary Mergers Acquisitions • Pre-Announced • Spin-offs • Event Driven

研报英文原文证据摘录

JPM | Spin-Off: S&P Global to spin-off Mobility Global: EMEA and US Special Situations Specialist Commentary Mergers Acquisitions • Pre-Announced • Spin-offs • Event Driven

Specialist Sales

JPM Risk Arb Trading Desk J P M O R G A N

23 June 2026

Separation: SPGI will distribute all of the outstanding shares of common stock of Mobility Global on July 1st in a tax-free spin.

Share: Based on the approximately 295,077,160 shares of S&P Global common stock outstanding on May 15, 2026, and applying

the distribution ratio of one share of Mobility common stock for every share of S&P Global common stock, S&P Global will

distribute approximately 295,077,160 shares of Mobility common stock to S&P Global stockholders who hold S&P Global

common stock as of the record date.

Dividends: Following the completion of the distribution, MBGL expects to pay quarterly dividends to shareowners, the amount

of which will be determined by our Board of Directors.

Debt: In connection with the Separation, spinco entered into a $500 million revolving credit facility and issued $2 billion in

aggregate principal amount of senior notes consisting of $650 million aggregate principal amount of 5.050% senior notes due

2029, $650 million aggregate principal amount of 5.450% senior notes due 2031 and $700 million aggregate principal amount of

6.050% senior notes due 2036. MBGL intends to use the proceeds of the senior notes to (i) finance a cash payment of

approximately $1.9 billion to S&P Global as consideration for the transfer of certain assets, liabilities and entities to us, (ii) fund

certain fees and expenses related to the Separation and (iii) add cash to our balance sheet to the extent necessary for us to have a