CME’s Chicago Mercantile amends credit facility for $7 billion revolver

By Marisa Wong

Los Angeles, April 28 – Chicago Mercantile Exchange Inc., a wholly owned subsidiary of CME Group Inc., entered into an amendment on April 27 to its 364-day multicurrency credit facility with Bank of America, NA as administrative agent and Citibank, NA as collateral agent, according to an 8-K filing with the Securities and Exchange Commission.

The amended credit facility is for a multicurrency revolving secured credit facility of $7 billion, which is eligible to be increased to $10 billion.

The facility is intended to provide temporary liquidity to Chicago Mercantile 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 utilized by the company. Clearing firm guaranty fund contributions and performance bond assets deposited by clearing members can be used as collateral under the amended credit facility.

The global derivatives marketplace is based in Chicago.

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