secwatch.observer — SEC 8-K summary
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Issuer:     Cboe Global Markets, Inc. (CBOE)
CIK:        0001374310
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001104659-22-028175
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cboe Global Markets enters $400M revolving credit facility, increased from $250M
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- New $400M five-year senior unsecured revolving credit facility matures February 25, 2027.
- Includes $25M swing line sub-facility; can increase commitments by up to $200M to $600M.
- Interest at Term SOFR plus 0.75%-1.25% or prime plus 0.00%-0.25% based on debt ratings.
- Financial covenants: min interest coverage ratio 4.00x; max leverage ratio 3.50x (step-ups to 4.25x/4.00x possible).
- Replaces prior $250M facility dated December 21, 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374310/000110465922028175/0001104659-22-028175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374310/000110465922028175/tm227719d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-028175

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer