trending Market Intelligence /marketintelligence/en/news-insights/trending/-yzAUvMrE402fyOyk_lJFA2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

CBOE Holdings enters $1B credit agreement


Latin American and Caribbean Market Considerations Blog Series: Focus on LGD


Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level


Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

CBOE Holdings enters $1B credit agreement

CBOE Holdings Inc. entered a term loan credit agreement for a senior unsecured delayed-draw term loan facility in an aggregate principal amount of $1.0 billion.

The company may choose to increase the commitments under the term loan agreement by up to $500 million for a total of $1.5 billion. The company may use proceeds from the credit facility to finance its proposed acquisition of Bats Global Markets Inc. and its subsidiaries, or to repay debts, fees and other expenses related to the acquired business. CBOE Holdings may also use proceeds for working capital and general corporate purposes.

Bank of America NA is acting as administrative agent, and Merrill Lynch Pierce Fenner & Smith Inc. is acting as sole lead arranger and book runner for the agreement. Morgan Stanley MUFG Loan Partners LLC is the syndication agent, and Citibank NA, PNC Bank NA and JPMorgan Chase Bank NA are co-documentation agents.