{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-207377","form_type":"8-K","ticker":"MKTX","cik":"0001278021","company_name":"MARKETAXESS HOLDINGS INC","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.415861+00:00","generated_at":"2026-06-11T21:33:23.192924+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"MarketAxess enters into new $750M revolving credit facility maturing 2026","bullets":["New $750M revolver replaces prior $750M facility due Oct 2024; matures Aug 9, 2026.","No funds borrowed initially; proceeds for general corporate purposes.","Interest: Term SOFR + 1.25%-1.75% spread or ABR + 0.25%-0.75%; commitment fees apply.","Covenant: consolidated total leverage ratio not to exceed 2.5 to 1.0, tested quarterly.","Option to increase facility by up to $375M, subject to lender commitments."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-207377","json":"https://secwatch.observer/filing/0001193125-23-207377.json","markdown":"https://secwatch.observer/filing/0001193125-23-207377.md","text":"https://secwatch.observer/filing/0001193125-23-207377.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1278021/000119312523207377/0001193125-23-207377-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1278021/000119312523207377/d529217d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T21:33:23.192924+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"40224e1e70c0b1a7e9b510afb3497421217b2dde","claim":"MARKETAXESS HOLDINGS INC incurred revolving credit of $750 million with JPMorgan Chase Bank, N.A. at SOFR plus 1.25% to 1.75% depending on Consolidated Total Leverage Ratio maturing August 9, 2026.","evidence_excerpt":"of lenders and JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent. Pursuant to the Credit Agreement, the lenders have provided aggregate commitments totaling $750 million, consisting of a revolving credit facility (the “Credit Facility”), a $5 million letter of credit sub-limit for standby letters of credit and a $380 million sub-limit for","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1278021/000119312523207377/0001193125-23-207377-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$750 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"SOFR plus 1.25% to 1.75% depending on Consolidated Total Leverage Ratio"},{"label":"Maturity","value":"August 9, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ae0a4aa5509b57c88c5fabccf3654dd0c8a3858b","claim":"MARKETAXESS HOLDINGS INC entered into Credit Agreement with syndicate of lenders and JPMorgan Chase Bank, N.A., as administrative agent valued at $750 million (effective 2023-08-09).","evidence_excerpt":"On August 9, 2023, MarketAxess Holdings Inc. (the “Company”), as borrower, entered into a credit agreement (the “Credit Agreement”) with a syndicate of lenders and JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1278021/000119312523207377/0001193125-23-207377-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"syndicate of lenders and JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Value","value":"$750 million"},{"label":"Effective","value":"2023-08-09"}],"fact_type":"material_agreement"},{"claim_id":"c5d4a04949310926a30d6f0ee9ae789567f840bb","claim":"MARKETAXESS HOLDINGS INC terminated existing credit agreement entered into on October 15, 2021, as amended on March 28, 2023 with (not explicitly restated in termination context except syndicate) (effective 2023-08-09).","evidence_excerpt":"The Credit Agreement replaces the Company’s existing credit agreement entered into on October 15, 2021, as amended on March 28, 2023, which had a maturity date of October 15, 2024.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1278021/000119312523207377/0001193125-23-207377-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"(not explicitly restated in termination context except syndicate)"},{"label":"Effective","value":"2023-08-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}