ICE Adds $2 Billion Term Loan, Extends Revolver for MarketAxess Deal

Intercontinental Exchange amended its $3.9 billion revolving credit facility with Wells Fargo as administrative agent, extending $3.67 billion of consenting lender commitments to August 20, 2031 and creating $1.5 billion of MarketAxess acquisition commitments. ICE also entered a $2 billion delayed-draw term loan facility with Bank of America as administrative agent, maturing 24 months after funding, to help finance the MarketAxess acquisition and related costs. The arrangements, along with $3.73 billion of senior notes issued August 20, allowed ICE to terminate its previously arranged $6.2 billion bridge facility.