Intercontinental Exchange prices $8 billion in bonds to finance Black Knight acquisition | Tipspdia

Intercontinental Exchange
ICE,
+2.90%
said 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 including Bank of America Corp.’s
BAC,
+0.29%
BofA Securities Inc. unit, Goldman Sachs Group Inc.
GS,
+2.53%,
Wells Fargo Securities LLC
WFC,
+1.99%,
Citigroup Global Markets Inc.
C,
+2.32%
and PNC Capital Markets LLC
PNC,
-1.17%.
Intercontinental Exchange announced the acquisition of Black Knight on May 4. Shares of Intercontinental Exchange rose 1% in premarket trades on Friday. The stock is down 30% so far in 2022, compared to a 17.5% drop by the S&P 500
SPX,
+2.39%.
Jacksonville, Fla.-based Black Knight specializes in software, data and analytics for the housing finance market.

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