Summary
Cboe Global Markets, Inc. (CBOE) announced on December 10, 2020, that it entered into an underwriting agreement on December 8, 2020, to issue and sell $500 million aggregate principal amount of its 1.625% Senior Notes due 2030. This debt offering, made under a shelf registration statement, aims to raise capital for the company. The terms include customary representations, warranties, closing conditions, and termination provisions, with BofA Securities, Inc., Barclays Capital Inc., and Deutsche Bank Securities Inc. acting as the underwriters. This move by Cboe signifies a strategic financial maneuver to bolster its capital structure and potentially fund future growth initiatives or refinance existing debt. Investors should note the interest rate of 1.625% and the maturity date of 2030, which provides a long-term funding source. The filing includes the underwriting agreement as an exhibit, offering transparency into the terms of this significant debt issuance.
Key Highlights
- 1Cboe Global Markets, Inc. is issuing $500 million aggregate principal amount of 1.625% Senior Notes due 2030.
- 2The debt offering is being conducted through an underwriting agreement with BofA Securities, Inc., Barclays Capital Inc., and Deutsche Bank Securities Inc.
- 3The notes are being sold under the company's existing shelf registration statement on Form S-3.
- 4The Underwriting Agreement contains standard terms, conditions, representations, warranties, and closing conditions.
- 5This issuance represents a significant capital raise for Cboe, potentially for strategic investments, operations, or debt refinancing.
- 6The filing explicitly incorporates the Underwriting Agreement as an exhibit for investor review.