Daily News: December 16, 2013

Morgan Stanley MUFG Loan Partners Arranges MSCI Facility Extension

MSCI announced that it extended the maturity of its five-year first lien credit facility to December 12, 2018 from May 4, 2017. The $910 million five-year first lien credit facility consists of a $100MM five-year revolver and a $810 million five-year term loan A facility. MSCI also amended the amortization schedule of required debt payments under its senior secured five-year term loan A facility.

Morgan Stanley MUFG Loan Partners, acting through Morgan Stanley Senior Funding and The Bank of Tokyo Mitsubishi UFJ, was the sole arranger and the sole bookrunner on the transaction.

“The extended facility pushes back the maturity of the term loan facility until 2018 and reduces the amount of required debt payments we face before that date, with no change in our current interest rates,” said Bob Qutub, MSCI’s CFO.

MSCI is a provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds.