Intercontinental Exchange (ICE) has entered into new and amended credit agreements to finance its pending acquisition of MarketAxess Holdings Inc. The company secured a new $2.0 billion delayed draw term loan and amended its existing $3.9 billion revolving credit facility. These new arrangements, along with the issuance of senior notes, replace a previously established $6.2 billion bridge facility.
Key Details
- New Term Loan Facility: ICE entered into a new $2.0 billion delayed draw term loan credit agreement, dated August 20, 2026, with a 24-month maturity after the funding date to help fund the MarketAxess acquisition.
- Amended Revolving Credit Facility: The company amended its existing $3.9 billion credit agreement to extend the maturity for consenting lenders to August 20, 2031, and established a new $1.5 billion tranche of "MarketAxess Revolving Commitments" designated for the acquisition.
- Bridge Facility Termination: A previously disclosed $6.2 billion bridge facility commitment was permanently terminated and replaced by the new term loan, the amended revolver commitments, and $3.73 billion in gross proceeds from a recent senior notes issuance.