8-KMaterial AgreementsFinancial EventsExhibits & Filings

CME GROUP INC. 8-K Report, Material Agreement (Nov 4, 2011)

Filed November 4, 2011For Securities:CME

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).

Frequently Asked Questions

This 8-K filing is primarily to report an amendment to CME Group's material definitive agreement, specifically its senior credit facility. This amendment formally documents an increase in the credit line available to the company.

CME Group increased its revolving senior credit facility by $40 million.

After the $40 million increase, the committed amount under the Senior Credit Facility is $1.04 billion. The facility also has provisions for further increases up to a total of $1.75 billion.

The Senior Credit Facility has a maturity date of January 11, 2014, and it can be voluntarily prepaid at any time without premium or penalty. The amendment indicates the involvement of major financial institutions, including JPMorgan Chase Bank, N.A. and Bank of America, N.A.