S&P Global Raises Capital with 2031‑2035 Senior Notes and Expands AI Data Access via AWS

SPGI
December 01, 2025

S&P Global Inc. announced a private placement of unsecured senior notes due 2031 and 2035, with the debt guaranteed by its subsidiary, Standard & Poor’s Financial Services LLC. The offering is targeted at qualified institutional buyers under Rule 144A and Regulation S and will be sold in the United States and abroad. While the company did not disclose the principal amounts or coupon rates, it stated that proceeds will be used for general corporate purposes, including potential acquisitions, refinancing of existing debt, and share‑repurchase initiatives.

The notes’ structure reflects S&P Global’s confidence in its long‑term financial stability. By securing a guaranteed debt instrument that matures over a decade, the company preserves flexibility to fund growth initiatives and manage capital structure without diluting equity. The use of proceeds for acquisitions and refinancing signals an intent to pursue strategic expansion while maintaining a healthy balance sheet.

S&P Global’s announcement of new integrations with Amazon Web Services (AWS) builds on a long‑standing partnership that began in 2023. The new integration introduces two Model Context Protocol (MCP) server connections with Amazon Quick Suite, enabling customers to query the firm’s market, financial, and energy data directly within AWS environments. The integration allows AI agents to access S&P Global’s data in real time, supporting generative and agentic AI applications across finance, energy, and other sectors.

Chief AI Officer Bhavesh Dayalji, who also leads Kensho, emphasized that the partnership “brings S&P Global’s trusted data to customers through agentic AI experiences, ensuring data accessibility wherever workflows occur.” Managing Director Scott Mullins of AWS highlighted that the integration “enables financial professionals to leverage AI and trusted intelligence directly in their workflows,” underscoring the strategic value of embedding data into cloud‑native AI tools.

The AWS integration is a key component of S&P Global’s broader AI strategy, which has included a February 2023 migration of core data platforms to AWS, a Microsoft 365 Copilot integration in April 2025, and the recent $1.8 billion acquisition of With Intelligence in November 2025. These moves position the company to capture a larger share of the rapidly expanding AI‑enabled analytics market and to monetize its data assets through new, high‑margin AI services.

Overall, the dual announcements demonstrate S&P Global’s dual focus on financial flexibility and technological innovation. The senior notes provide a low‑cost capital source that can be deployed for acquisitions or share repurchases, while the AWS partnership expands the firm’s data reach and creates new revenue streams in the AI ecosystem. Together, they reinforce the company’s strategy to deliver differentiated, AI‑enhanced data products to a global client base.

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