secwatch.observer — SEC 8-K summary
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Issuer:     Intercontinental Exchange, Inc. (ICE)
CIK:        0001571949
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0001193125-22-165223
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ICE increases revolver to $3.9B, adds $2.4B term loan for Black Knight purchase
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- Revolving credit facility increased from $3.775B to $3.9B; maturity extended to May 25, 2027.
- New $2.4B term loan facility for Black Knight acquisition; 24-month maturity, SOFR-based pricing.
- Bridge facility commitments reduced from $14B to $1.8B due to new term loan, note issuance, and internal cash.
- Proceeds from term loan to partly fund Black Knight cash purchase price and refinance existing Black Knight debt.
- Revolver pricing: term SOFR + 0.875%-1.500% plus 10bps credit spread adjustment; base rate + 0.000%-0.500%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571949/000119312522165223/0001193125-22-165223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571949/000119312522165223/d280436d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-165223

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