Cboe Global Markets unit credit facility reduced to €1.25 billion

By Wendy Van Sickle

Columbus, Ohio, July 5 – Cboe Global Markets, Inc. entered into an amendment and restatement on June 30 to the credit facility originally dated July 1, 2020 with European Central Counterparty NV as borrower and Bank of America Europe DAC as agent, according to an 8-K filing with the Securities and Exchange Commission.

The amended agreement has an extended term lasting until June 29, 2023 and a reduced interest rate margin of 160 basis points, versus 175 bps.

Further, the minimum tangible net worth requirement was increased to €30 million from €20 million, and the total commitment was reduced to €1.25 billion from €1.5 billion. There is an accordion feature permitting up to €500 million of additional commitments.

The exchange holding company based in Chicago.

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