CME Group in $7 Billion Amended Credit Facility
April 30 2020 - 02:14PM
Dow Jones News
By Michael Dabaie
CME Group Inc. said its Chicago Mercantile Exchange subsidiary
entered into an amended credit facility for a $7 billion revolving
secured credit facility.
CME said in a U.S. Securities and Exchange Commission filing
that it entered into an amendment to its 364-day multi-currency
credit facility with Bank of America N.A., as administrative agent,
Citibank N.A., as collateral agent and collateral monitoring agent
and some of the banks under its existing facility.
The amended facility is for a multi-currency revolving secured
credit facility of $7 billion, which is eligible to be increased to
$10 billion. It is intended to provide temporary liquidity to CME
in the event of a clearing member default, a liquidity constraint
or depositary default, or in the event of a delay in the payment
systems used by CME, the filing said.
CME shares were down about 3% to $176.22 in afternoon
trading.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
April 30, 2020 13:59 ET (17:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
CME (NASDAQ:CME)
Historical Stock Chart
From Feb 2024 to Mar 2024
CME (NASDAQ:CME)
Historical Stock Chart
From Mar 2023 to Mar 2024