IntercontinentalExchange gets $3.65 billion 364-day bridge facility

By Tali Rackner

Norfolk, Va., Oct. 29 – IntercontinentalExchange, Inc. obtained a commitment letter for a $3.65 billion 364-day senior unsecured bridge facility on Monday, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will be used to provide backup financing for the cash consideration payable under the terms of its agreement to acquire Interactive Data Holdings Corp. if the permanent financing is not available.

Under the agreement, IntercontinentalExchange will acquire Interactive Data through a merger of Red Merger Sub Inc., with Interactive Data surviving the merger as a wholly owned subsidiary of IntercontinentalExchange.

Wells Fargo Bank, NA, Wells Fargo Securities, LLC, Bank of America, NA and Merrill Lynch, Pierce, Fenner & Smith Inc. are the lenders.

Atlanta-based IntercontinentalExchange is a network of regulated exchanges and clearing houses for financial and commodity markets.

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