CBOE Holdings to repay term loan borrowings via proceeds of new notes

New York, June 26 – CBOE Holdings, Inc. plans to repay borrowings under its term loan facility using proceeds from an offering of new senior notes due 2019.

The company had $843.3 million outstanding on the term loan as of March 31, according to a 424B5 filing with the Securities and Exchange Commission.

CBOE incurred the term loan debt to fund the cash portion of its $3.4 billion acquisition of Bats Global Markets, Inc., to repay debt owed by Bats, to pay fees and expenses and for general corporate purposes.

The note offering was announced Monday morning in the 424B5 filing.

CBOE Holdings is a Chicago-based operator of exchanges and provider of trading and investment tools to investors.

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