CME Group Inc. priced an underwritten public offering of $500 million aggregate principal amount of senior unsecured 3.750% notes due 2028 and $700 million aggregate principal amount of senior unsecured 4.150% notes due 2048.
The offering is expected to close June 21.
The company plans to use the net proceeds, together with cash on hand, to finance the payment of the cash consideration due in respect of the proposed cash and share acquisition of NEX Group PLC by the company and its subsidiary, CME London Ltd. The merger is scheduled to close in the second half of 2018.
J.P. Morgan Securities LLC, Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., BMO Capital Markets Corp., Credit Suisse Securities (USA) LLC, Lloyds Securities Inc., MUFG Securities Americas Inc. and Wells Fargo Securities LLC are acting as joint book runners for the transaction. J.P. Morgan Securities LLC, Barclays Capital Inc. and Merrill Lynch Pierce Fenner & Smith Inc. are acting as representatives of the underwriters.