Intercontinental Alternate
ICE,
+1.00%
mentioned late Thursday it priced $8 billion in bonds to finance its $13 billion acquisition of Black Knight Inc.
BKI,
+0.10%.
The deal has 11 joint book-running managers together with Financial institution of America Corp.’s
BAC,
-1.41%
BofA Securities Inc. unit, Goldman Sachs Group Inc.
GS,
-0.71%,
Wells Fargo Securities LLC
WFC,
-1.79%,
Citigroup World Markets Inc.
C,
-2.31%
and PNC Capital Markets LLC
PNC,
-0.33%.
Intercontinental Alternate introduced the acquisition of Black Knight on Could 4. Shares of Intercontinental Alternate rose 1% in premarket trades on Friday. The inventory is down 30% to date in 2022, in comparison with a 17.5% drop by the S&P 500
SPX,
-0.13%.
Jacksonville, Fla.-based Black Knight makes a speciality of software program, information and analytics for the housing finance market.
Finance
Intercontinental Exchange prices $8 billion in bonds to finance Black Knight acquisition
