CME amends $7 billion 364-day multicurrency secured revolver

By Rebecca Melvin

Concord, N.H., April 30 – CME Group Inc.’s wholly owned subsidiary Chicago Mercantile Exchange Inc. amended its $7 billion 364-day multicurrency credit facility on April 28, according to an 8-K filing with the Securities and Exchange Commission.

Under the fifth amendment to this facility originating from Nov. 2, 2017, the company may increase the commitments by $3 billion to a maximum aggregate commitment of $10 billion.

The revolving secured credit facility is intended to provide temporary liquidity to CME in the event of a clearing member default, a liquidity constraint or depositary default or in the event of a delay in the payment systems used by CME.

It is collateralized by clearing firm guaranty fund contributions and performance bond assets held by CME.

Bank of America NA is administrative agent of the facility, and Citibank NA is the collateral agent and collateral monitoring agent.

The holding company of four futures exchanges is based in Chicago.

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