Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, BMO Capital Markets Corp. and Mitsubishi UFJ Securities (USA), Inc. as joint book-running managers in connection with an SEC-registered debt offering by IntercontinentalExchange Group, Inc., a wholly owned subsidiary of IntercontinentalExchange, Inc., of $600 million aggregate principal amount of its 2.5% senior notes due 2018 and $800 million aggregate principal amount of its 4% senior notes due 2023. IntercontinentalExchange Group, Inc. intends to use the net proceeds from the offering to finance a portion of the cash consideration of its previously announced pending acquisition of NYSE Euronext. Pending the consummation of the acquisition, the net proceeds of the offering have been deposited and are being held in an escrow account for the benefit of the holders of the notes. If the acquisition is not consummated, the net proceeds will be used to redeem the notes. The notes are guaranteed by Intercontinental Exchange, Inc. and Baseball Merger Sub, LLC.  Following the consummation of the acquisition, Intercontinental Exchange, Inc. and Baseball Merger Sub, LLC (as successor to NYSE Euronext) will be direct, wholly owned subsidiaries of IntercontinentalExchange Group, Inc.

IntercontinentalExchange, Inc. is a leading operator of regulated global markets and clearing houses, including futures exchanges, over-the-counter markets, derivatives clearing houses and post-trade services headquartered in Atlanta, Georgia.

 The Davis Polk corporate team included partner Richard A. Drucker and associates Melissa Glass and Alice Z. Chen. The tax team included partner Michael Farber and law clerk Vinay Prabhakar. The credit team included associate Jonathan B. Brown. All members of the Davis Polk team are based in the New York office.