Cboe amends term loan to add $400M delayed draw capacity; leverage covenant to 4.25x

Cboe Global Markets, Inc.

Amendment enables up to $400M in delayed draw term loans until Borrowing Period ends (Sep 30, 2022 or earlier).
LIBOR replaced with Term SOFR as reference rate; commitment fee added based on debt ratings.
Max leverage ratio may increase to 4.25x from 3.50x for four quarters after qualifying acquisitions.
Existing $160M in loans outstanding; new $400M commitment from Bank of America as initial lender.

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