Form 8-K · Current report
Cboe Global Markets 8-K, filed Jul 28, 2026
- Filed
- CIK
- 0001374310
- Accession no.
- 0001104659-26-087625
Summary
Cboe Global Markets, as borrower, entered into a Third Amended and Restated Credit Agreement on July 24, 2026 with Bank of America, N.A. as administrative agent, replacing its 2022 credit agreement with a $400 million senior unsecured five-year revolving credit facility that includes a $25 million swing line sub-facility.
Key points
- The revolving credit facility matures July 24, 2031, and commitments may be increased by up to $200 million, to $600 million, with lender consent.
- Loans bear interest at the borrower's option of a Relevant Rate plus a margin of 0.75% to 1.25% based on Cboe's public debt ratings, or a prime-based rate plus a margin of 0% to 0.25%.
- Financial covenants require a minimum consolidated interest coverage ratio of 4.00 to 1.00 and a maximum consolidated leverage ratio of 3.50 to 1.00, with limited step-ups to 4.25 and 4.00.
- The agreement adds negative-covenant permissions intended to support Cboe's clearing activities.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. Third Amended and Restated Credit Agreement On July 24, 2026, Cboe Global Markets, Inc. (the “Company”), as borrower, entered into a Third Amended and Restated Credit Agreement (the “Revolving Credit Agreement”), which amended and restated the Second Amended and Restated Credit Agreement, dated as of February 25, 2022, with Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and as swing line lender, certain lenders named therein (the “Revolving Lenders”), BofA Securities, Inc., as sole lead arranger and sole bookrunner and certain syndication agents named therein (the “Syndication Agents”). …
An excerpt of the text as filed with the SEC, cut for length.
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