MSCI Inc. (NYSE:MSCI) Inc. Barclays 23rd Annual Global Financial Services Conference September 8, 2025 12:00 PM EDT
Company Participants
Andrew Wiechmann – Chief Financial Officer
Conference Call Participants
Manav Patnaik – Barclays Bank PLC, Research Division
Presentation
Manav Patnaik
MD, Business & Information Services Equity Research Analyst.
All right. Good afternoon, everybody. Thank you for being here. For those of you who don’t know me, my name is Manav Patnaik. I cover business and information services for Barclays. We’re very pleased to kick off our participation in the financial conference this year with MSCI, and we have Andy Wiechmann, the CFO. So Andy, thank you for being here.
Andrew Wiechmann
Chief Financial Officer
Thank you for having me. It’s great to be here.
Question-and-Answer Session
Manav Patnaik
Barclays Bank PLC, Research Division
Appreciate it, as always. So Andy, maybe let’s just start off with your 8-K update this morning on the interest expense guidance and beyond, obviously, just the technicalities of these numbers. Just help us with the framework on the debt raise that you did, why now and what the use of proceeds there are?
Andrew Wiechmann
Chief Financial Officer
Sure, sure. So I know many slowed down a bit in August. I know many of you don’t, and we definitely don’t at MSCI. But we did a $1.25 billion new financing transaction in August. And so we wanted to, with the 8-K, just make sure everybody was aware of that and note changes to our interest expense guidance. So we clarified that we expect interest expense in the third quarter to be $54 million to $55 million. And then for the full year, updating to be $205 million to $209 million, again, interest expense for the full year.
That’s the technical reason for the 8-K. But as you are
