secwatch.observer — SEC 8-K summary
======================================

Issuer:     NASDAQ, INC. (NDAQ)
CIK:        0001120193
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0001193125-22-307319
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120193/000119312522307319/0001193125-22-307319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120193/000119312522307319/d428469d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-307319

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