---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-307319"
form_type: "8-K"
ticker: "NDAQ"
cik: "0001120193"
company_name: "NASDAQ, INC."
filed_at: "2022-12-16T23:59:59+00:00"
generated_at: "2026-06-21T03:08:49.621676+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001193125-22-307319
- form_type: 8-K
- ticker: NDAQ
- cik: 0001120193
- company_name: NASDAQ, INC.
- filed_at: 2022-12-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120193/000119312522307319/0001193125-22-307319-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120193/000119312522307319/d428469d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-307319
- JSON: https://secwatch.observer/filing/0001193125-22-307319.json
- Plain text: https://secwatch.observer/filing/0001193125-22-307319.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120193/000119312522307319/0001193125-22-307319-index.htm

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