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CME CME Group Inc

208.685
-1.24 (-0.59%)
Last Updated: 19:20:40
Delayed by 15 minutes
Share Name Share Symbol Market Type
CME Group Inc NASDAQ:CME NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.24 -0.59% 208.685 208.65 208.72 209.68 207.00 209.13 854,532 19:20:40

CME Group in $7 Billion Amended Credit Facility

30/04/2020 7:14pm

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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.

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