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IHS Markit secures $250M credit facility

IHS Markit Ltd. has secured a 364-day senior unsecured term loan facility with principal of $250 million.

Proceeds from the facility were used to pay debt under the company's multiyear credit agreement with administrative agent Bank of America NA and a syndicate of lenders, which provides $2.0 billion in revolving credit commitments.

PNC Bank NA is the administrative agent of the term loan facility.