Daily News: November 28, 2017

BofA Agents New $2.25B Multcurrency Facility for CME Group


CME Group closed a new multi-currency revolving credit facility with a syndicate of banks led by Bank of America as administrative agent.

According to a related 8-K filing, Barclays Bank, BMO Harris Bank, The Bank of Tokyo-Mitsubishi UFJ, Citibank, Wells Fargo Bank, Bank of China, New York Branch, Credit Suisse and Lloyds Securities served as co-syndication agents. U.S. Bank was documentation agent. Merrill Lynch, Pierce, Barclays Bank, BMO Capital Markets, Bank of Tokyo-Mitsubishi UFJ, Citigroup Global Markets, Wells Fargo Securities, Bank of China, New York Branch, Credit Suisse Securities (USA) and Lloyds Securities were joint lead arrangers and joint bookrunners.

The senior credit facility is for a line of credit of $2.25 billion with the option to increase the facility from time to time to $3 billion. The proceeds can be used for ongoing working capital and other general corporate purposes. The senior credit facility is voluntarily pre-payable from time to time without premium or penalty. The maturity date is November 21, 2022.