Nasdaq Debt Reduction Plan
Nasdaq has announced a plan to reduce its outstanding debt by purchasing up to $200 million of its own debt securities. The company will offer to buy back notes with varying interest rates and expiration dates.
Tender Offer Details
- Notes to be purchased: senior notes due in 2028, 2034, and 2052
- Tender offers will expire on March 11
Financial Position
This move is seen as a strategic step to strengthen Nasdaq’s financial position. The company’s stock price has recently dipped following a slight earnings beat in the fourth quarter.