secwatch.observer — SEC 8-K summary
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Issuer:     MARKETAXESS HOLDINGS INC (MKTX)
CIK:        0001278021
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001193125-23-207377
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1278021/000119312523207377/0001193125-23-207377-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1278021/000119312523207377/d529217d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-207377

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