Daily News: June 21, 2013

BofA Securities, Others Provide Multi-Currency Revolver to ICAP

UK-based ICAP plc, a markets operator and provider of post-trade risk mitigation and information services, announced the syndication and signing of its £425 million multi-currency revolving credit facility, incorporating an US$200 million swing line facility.

Banc of America Securities and HSBC Bank were appointed to arrange and coordinate the syndication of the facility. In addition, ICAP further strengthened its banking group by mandating J.P. Morgan, Lloyds Banking Group, The Royal Bank of Scotland, Commerzbank and Citibank as mandated lead arrangers and bookrunners. Bank of New York Mellon was an arranger.

The facility has a final maturity date of December 1, 2016 and will be used for general corporate purposes, including the refinancing of the existing US$880 million facility.