Summary
CME Group Inc. (CME) has announced the establishment of a new multi-currency revolving credit facility, referred to as the Senior Credit Facility. This new facility totals $2.25 billion and includes an option to increase it up to $3.25 billion. The primary purpose of this credit line is to support the company's ongoing working capital needs and other general corporate objectives. This new Senior Credit Facility replaces a previous agreement from 2017 and offers flexible terms, including voluntary pre-payment without penalties. The facility matures on November 12, 2026. Key covenants and conditions include maintaining a minimum consolidated net worth and customary limitations on liens, subsidiary indebtedness, and significant corporate actions such as mergers, asset dispositions, and liquidations, ensuring financial stability and operational continuity for CME Group.
Key Highlights
- 1Establishment of a new $2.25 billion multi-currency revolving credit facility with an option to increase to $3.25 billion.
- 2The facility is designated for working capital and general corporate purposes.
- 3The new credit facility has a maturity date of November 12, 2026.
- 4The agreement allows for voluntary pre-payment without any premium or penalty.
- 5The new facility replaces the company's existing revolving credit agreement dated November 21, 2017.
- 6Covenants include maintaining a minimum consolidated net worth and customary limitations on liens, subsidiary debt, and fundamental corporate changes.