Summary
CME Group Inc. (CME) has filed a Form 8-K on November 3, 2011, reporting an amendment to its material definitive agreement regarding a senior credit facility. This amendment, effective November 1, 2011, increased the company's revolving credit facility by $40 million. The initial facility, established in January 2011, was for $1 billion and provided for potential increases up to $1.75 billion. This modest increase reflects CME Group's ongoing access to credit and its ability to manage its financial obligations through established banking relationships.
Key Highlights
- 1CME Group amended its $1 billion multi-currency revolving senior credit facility, increasing it by $40 million.
- 2The amendment, effective November 1, 2011, brings the total committed amount to $1.04 billion.
- 3The original facility, entered into on January 11, 2011, matures on January 11, 2014.
- 4The company retains the option to further increase the facility up to an aggregate of $1.75 billion with consent from the agent and lenders providing additional funds.
- 5The facility is voluntarily prepayable without premium or penalty, offering financial flexibility.
- 6The amendment was made with JPMorgan Chase Bank, N.A. and Bank of America, N.A. (as administrative agent).