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

Intercontinental Exchange said late Thursday it priced $8 billion in bonds to finance its $13 billion acquisition of Black Knight Inc. . The deal has 11 joint book-running managers including Bank of America Corp.’s BofA Securities Inc. unit, Goldman Sachs Group Inc. , Wells Fargo Securities LLC , Citigroup Global Markets Inc. and PNC Capital Markets LLC . 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 . Jacksonville, Fla.-based Black Knight specializes in software, data and analytics for the housing finance market.

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