MSCI 8-K: Smart Summary

MSCI Inc. updated its full-year 2025 interest expense guidance upward to reflect the August 2025 issuance of $1.25 billion in senior notes and subsequent repayment of revolving credit facility borrowings. The revised interest expense outlook is $205 to $209 million, compared to prior guidance of $182 to $186 million. All other components of previously issued full-year 2025 guidance remain unchanged.

• MSCI CFO Andrew Wiechmann participated in a fireside chat at the Barclays Global Financial Services Conference on September 8, 2025 at 12:00 p.m. Eastern Time.
• Updated full-year 2025 interest expense guidance (including amortization of financing fees): approximately $205 to $209 million, up from prior guidance of $182 to $186 million.
• Q3 2025 (quarter ending September 30, 2025) interest expense currently expected to be approximately $54 to $55 million.
• The guidance increase is driven by the August 2025 issuance of $1.25 billion of 5.25% senior notes due 2035.
• Outstanding borrowings under the Company's revolving credit facility were repaid on August 11, 2025, following the senior notes issuance.
• The higher interest expense outlook results from a higher expected debt balance for 2025 due to the financing activities.
• A portion of MSCI's interest expense is from variable-rate indebtedness under its revolving credit facility; the majority is from fixed-rate senior unsecured notes.
• Interest expense may vary with changes to the secured overnight financing rate (SOFR) and indebtedness levels.
• All other components of previously issued full-year 2025 guidance, as set forth in the July 22, 2025 Q2 earnings release, remain unchanged.