Amended credit facility extends maturity and adds new commitments
ICE amended its USD 3.9 billion senior unsecured revolving credit facility, extending maturity for USD 3.67 billion of commitments to Aug. 20, 2031.
The amendment created a USD 1.5 billion MarketAxess Revolving Commitments class to fund the pending MarketAxess acquisition-related needs.
A new USD 2 billion delayed-draw term loan facility was signed with Bank of America as administrative agent, maturing 24 months after funding.
Bridge facility commitments tied to the acquisition were cut to zero from USD 6.2 billion following USD 3.73 billion of senior unsecured notes issuance.
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