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An announcement from Intercontinental Exchange Inc. (ICE) is now available.
Intercontinental Exchange, Inc. (ICE) successfully gathered the necessary consents from holders of Black Knight InfoServ, LLC’s 3.625% Senior Notes due 2028 to implement significant amendments to their terms. These changes, effective immediately upon agreement, remove numerous reporting requirements and restrictive covenants, leaving only payment and guarantee-related defaults. Following this, ICE plans to offer a private exchange of the current notes for new senior notes, subject to certain eligibility criteria, streamlining the company’s debt structure and obligations to its note holders.
See more insights into ICE stock on TipRanks’ Stock Analysis page.
