S&P Global Announces $1 Billion Accelerated Share Repurchase Transaction

S&P Global (NYSE: SPGI) today announced it has entered into a $1 billion accelerated share repurchase agreement with Morgan Stanley & Co. LLC. The transaction is expected to be completed in the third quarter of 2018.

The Company is using available cash to fund the accelerated share repurchase transaction.

Since the 50 million share repurchase authorization from the Board of Directors in 2013, S&P Global has repurchased 31.6 million shares. The accelerated share repurchase agreement announced today will be executed under this existing authorization from the Board.

Consistent with S&P Global’s capital management philosophy, the Company expects to pay out at least 75% of its free cash flow to shareholders in 2018 through dividends and share repurchases.

“We are pleased that our strong financial position enables us to deliver on our ongoing commitment to create value for shareholders,” said Douglas L. Peterson, President and CEO of S&P Global.
http://investor.spglobal.com/file/Index?KeyFile=392478706

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