---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-041780"
form_type: "8-K"
ticker: "CBOE"
cik: "0001374310"
company_name: "Cboe Global Markets, Inc."
filed_at: "2022-04-01T23:59:59+00:00"
generated_at: "2026-06-26T10:26:37.906273+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-041780
- form_type: 8-K
- ticker: CBOE
- cik: 0001374310
- company_name: Cboe Global Markets, Inc.
- filed_at: 2022-04-01T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1374310/000110465922041780/0001104659-22-041780-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1374310/000110465922041780/tm2210926d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-041780
- JSON: https://secwatch.observer/filing/0001104659-22-041780.json
- Plain text: https://secwatch.observer/filing/0001104659-22-041780.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.