---
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"
generated_at: "2026-06-11T21:33:23.192924+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# MarketAxess enters into new $750M revolving credit facility maturing 2026

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-207377
- JSON: https://secwatch.observer/filing/0001193125-23-207377.json
- Plain text: https://secwatch.observer/filing/0001193125-23-207377.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $750 million
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: SOFR plus 1.25% to 1.75% depending on Consolidated Total Leverage Ratio
  - Maturity: August 9, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1278021/000119312523207377/0001193125-23-207377-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: syndicate of lenders and JPMorgan Chase Bank, N.A., as administrative agent
  - Value: $750 million
  - Effective: 2023-08-09
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1278021/000119312523207377/0001193125-23-207377-index.htm
- Material Agreements
  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).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: (not explicitly restated in termination context except syndicate)
  - Effective: 2023-08-09
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1278021/000119312523207377/0001193125-23-207377-index.htm

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