secwatch.observer — SEC 8-K summary
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Issuer:     Cboe Global Markets, Inc. (CBOE)
CIK:        0001374310
Form:       8-K
Filed at:   2022-04-01T23:59:59+00:00
Accession:  0001104659-22-041780
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374310/000110465922041780/0001104659-22-041780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374310/000110465922041780/tm2210926d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-041780

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