Nasdaq enters into $1.25B amended revolving credit facility maturing 2027

NASDAQ, INC.

$1.25B unsecured 5-year revolving credit facility, matures December 16, 2027.
Interest rate margins of 77.5-125 bps on benchmark loans and facility fee of 10-25 bps, based on debt ratings.
Leverage ratio covenant: ≤4.00x through Mar 31, 2023, then ≤3.50x, with step-ups for material acquisitions.
Option to increase aggregate commitments by up to $750M, subject to conditions.
No loans outstanding at closing; proceeds for general corporate purposes including acquisitions and share repurchases.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NASDAQ, INC. amended Revolving Credit Agreement with Bank of America, N.A. (as administrative agent) and the lenders valued at $1,250 million (effective 2022-12-16).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A. (as administrative agent) and the lenders
Value: $1,250 million
Effective: 2022-12-16

Exact text from the filing

On December 16, 2022, Nasdaq, Inc. (the “ Company ”) entered into an amended and restated credit agreement (the “ Revolving Credit Agreement ”) among the Company, as the borrower, the lenders and issuing bank party thereto and Bank of America, N.A., as administrative agent.

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NASDAQ, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-307319

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