CME Group gets $2.25 billion multi-currency revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, Nov. 27 – CME Group Inc. entered into a new $2.25 billion multi-currency senior revolving credit facility on Nov. 21 with Bank of America, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement includes an accordion feature for an additional $750 million of loans.

Borrowings bear interest at Libor plus 75 basis points to 125 bps. There is also a commitment fee of 8 bps to 20 bps. The margin over Libor and the fee are based on the company’s debt ratings.

The facility may be prepaid from time to time without premium or penalty. All amounts outstanding, plus interest and fees, are due and payable in full on Nov. 21, 2022.

The credit facility replaces the existing revolving credit agreement dated March 19, 2015, with BofA as administrative agent.

Barclays Bank plc, BMO Harris Bank NA, MUFG., Citibank, NA, Wells Fargo Bank, NA, Bank of China, New York Branch, Credit Suisse AG and Lloyds Securities Inc. are co-syndication agents. U.S. Bank NA is the documentation agent.

Bank of America Merrill Lynch, Barclays, BMO Capital Markets Corp., MUFG, Citigroup Global Markets Inc., Wells Fargo Securities, LLC, Bank of China, New York Branch, Credit Suisse Securities (USA) LLC and Lloyds Securities Inc. are joint lead arrangers and joint bookrunners.

CME Group is a Chicago-based operator of futures exchanges and clearinghouses.

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