S&P Global Spin-Off Mobility Unit Prices $2B of Notes and Sets $0.97 Dividend
Mobility Global, S&P Global’s soon-to-spin-off unit, priced $2.0B of senior notes — $650M 5.05% 2029, $650M 5.45% 2031 and $700M 6.05% 2036 — and secured $500M credit. S&P Global declared a $0.97 Q2 dividend payable June 10 to May 29 shareholders, a $3.88 annualized rate and over 50 years of raises.
1. Senior Notes Pricing and Credit Facility
Mobility Global Inc., the new holding company for S&P Global’s Mobility unit, priced a private offering of $650 million of 5.050% senior notes due 2029, $650 million of 5.450% notes due 2031 and $700 million of 6.050% notes due 2036. The offering totals $2.0 billion and is set to close on May 29, 2026, subject to customary conditions. The Issuer also secured a $500 million senior unsecured revolving credit facility to bolster liquidity. The notes were sold to qualified institutional buyers under Rule 144A and Regulation S exemptions.
2. Spin-Off Financing Plan
Upon closing, Mobility Global will deposit net proceeds into escrow pending the spin-off’s completion. Proceeds will finance a cash payment to S&P Global for transferred assets, liabilities and entities, with any remainder covering separation fees and corporate purposes. The notes benefit from a registration rights agreement obligating the Issuer to register or shelf-register them under the Securities Act. This financing structure supports the planned spin-off of Mobility Global as a standalone public company.
3. Q2 Dividend Declaration
S&P Global’s Board approved a $0.97 per share cash dividend for the second quarter of 2026, payable on June 10 to shareholders of record as of May 29. This dividend reflects an annualized rate of $3.88 per share. The company has increased its dividend annually for over 50 consecutive years. The long-standing payout underscores S&P Global’s commitment to returning capital to shareholders.