NYSE Euronext extends $1.2 billion of commitments to July 31, 2012

By Angela McDaniels

Tacoma, Wash., Dec. 14 - NYSE Euronext amended its credit facility on Dec. 8, extending $1.2 billion of the original $2 billion of commitments to July 31, 2012 from April 4, 2012.

The facility fee on the extended commitments was increased to an amount ranging between 6.5 basis points and 9.5 bps, according to an 8-K filing with the Securities and Exchange Commission. The fee on the commitments that were not extended is 4 bps to 7 bps.

The company also amended the credit agreement to allow the combination of the businesses of NYSE Euronext and Deutsche Borse AG.

The company must pay an extension fee of 0.025% of the amount of the commitment of each lender that agreed to extend.

The facility is used as a liquidity backstop for NYSE Euronext's global commercial paper program as well as for general corporate purposes.

The interest rate is Libor plus 63.5 bps to 75.5 bps.

As of Dec. 14, no borrowings were funded or letters of credit were issued under the facility.

JPMorgan Chase Bank, NA is the administrative agent.

NYSE Euronext is based in New York and operates multiple securities exchanges.

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