secwatch.observer — SEC 8-K summary
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Issuer:     NASDAQ, INC. (NDAQ)
CIK:        0001120193
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001193125-23-169697
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq amends credit facility to raise leverage for Adenza deal; Adenza 2022 rev $514M, net loss $44M
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- Amendment No. 2 to credit agreement increases maximum leverage ratio upon consummation of Adenza acquisition, with step-downs.
- Adenza FY2022 net sales $514M (up from $294M, includes Calypso acquisition); net loss $44.3M (vs $72.5M in 2021).
- Goodwill $3.68B, intangible assets $1.94B as of Dec 31, 2022; total assets $6.17B.
- Adenza ceased Russian operations in 2022, recording $6.4M revenue loss from contract terminations.
- The acquisition has not yet been consummated; no assurance of closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120193/000119312523169697/0001193125-23-169697-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120193/000119312523169697/d520835d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-169697

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