secwatch.observer — SEC 8-K summary
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Issuer:     MARKETAXESS HOLDINGS INC (MKTX)
CIK:        0001278021
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001193125-23-088076
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MarketAxess amends credit agreement to replace LIBOR with SOFR
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- First Amendment effective March 28, 2023, replaces LIBOR with SOFR-based interest rate benchmarks.
- Revolving loans will bear interest at Term SOFR plus 0.10% plus applicable rate (1.25%-1.75%) or alternate base rate plus spread (0.25%-0.75%).
- No change to total commitments, financial covenants, or other material terms of the credit agreement.
- All lenders consented; no defaults occurred or resulted from the amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278021/000119312523088076/0001193125-23-088076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278021/000119312523088076/d461128d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-088076

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