By Andrea Heisinger
New York, Sept. 5 - CME Group Inc. sold an upsized $750 million of 3% 10-year senior notes (Aa3/AA-/) on Wednesday at a spread of 145 basis points over Treasuries, an informed source said.
The deal size was increased from $500 million, the source said.
There is a change-of-control put at 101%.
Full terms of the deal were unavailable at press time.
Active bookrunners were Bank of America Merrill Lynch, Barclays and UBS Securities LLC. Passive bookrunners were BMO Capital Markets Corp., Citigroup Global Markets Inc., Lloyds Securities, Mitsubishi UFJ Securities (USA) Inc. and Wells Fargo Securities LLC.
Proceeds, along with cash on hand, will be used to retire outstanding 5.4% notes due in August 2013.
The holding company of four futures exchanges is based in Chicago.
| Issuer: | CME Group Inc.
|
| Issue: | Senior notes
|
| Amount: | $750 million, increased from $500 million
|
| Maturity: | 2022
|
| Bookrunners: | Bank of America Merrill Lynch, Barclays, UBS Securities LLC (active), BMO Capital Markets Corp., Citigroup Global Markets Inc., Lloyds Securities, Mitsubishi UFJ Securities (USA) Inc., Wells Fargo Securities LLC
|
| Coupon: | 3%
|
| Spread: | Treasuries plus 145 bps
|
| Change-of-control put: | 101%
|
| Trade date: | Sept. 5
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
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