Tradeweb Markets replaces LIBOR with SOFR and SONIA in $500M credit facility

Tradeweb Markets Inc.

Amendment to $500M revolving credit facility replaces LIBOR with Term SOFR (0.10% credit spread) for USD loans.
For Sterling loans, LIBOR replaced by SONIA with no credit spread adjustment.
All other material terms of the credit agreement remain unchanged.
Incremental revolving capacity of $250M remains available under the facility.

item 1.01 item 9.01

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

Tradeweb Markets Inc. amended Amendment No. 2 with Citibank N.A., as administrative agent (effective 2023-03-31).

Action: amendment
Agreement: credit facility
Counterparty: Citibank N.A., as administrative agent
Effective: 2023-03-31

Exact text from the filing

On March 31, 2023, Tradeweb Markets LLC (the “ Borrower ”), a wholly owned subsidiary of Tradeweb Markets Inc., and Citibank N.A., as administrative agent (the “ Administrative Agent ”), entered into Amendment No. 2 (the “ Amendment ”) to the Credit Agreement, dated as of April 8, 2019 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “ Credit Agreement ”), by and among the Borrower, the several banks and other financial institutions or entities from time to time parties thereto as lenders, and the Administrative Agent.

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Source: SEC EDGAR

accession 0001193125-23-089885

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