---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-089885"
form_type: "8-K"
ticker: "TW"
cik: "0001758730"
company_name: "Tradeweb Markets Inc."
filed_at: "2023-04-04T23:59:59+00:00"
generated_at: "2026-06-17T06:32:14.488616+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-089885
- form_type: 8-K
- ticker: TW
- cik: 0001758730
- company_name: Tradeweb Markets Inc.
- filed_at: 2023-04-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758730/000119312523089885/0001193125-23-089885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758730/000119312523089885/d472523d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-089885
- JSON: https://secwatch.observer/filing/0001193125-23-089885.json
- Plain text: https://secwatch.observer/filing/0001193125-23-089885.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758730/000119312523089885/0001193125-23-089885-index.htm

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