Chicago Mercantile Exchange amends $7 billion 364-day revolver

By Mary-Katherine Stinson

Lexington, Ky., April 28 – Chicago Mercantile Exchange Inc., a wholly owned subsidiary of CME Group Inc., entered a seventh amendment on April 26 to its 364-day multicurrency credit facility with Bank of America, NA as administrative agent and Citibank, NA as collateral agent and collateral monitoring 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.

Barclays, BMO Harris Bank NA, MUFG Bank, Ltd., Citibank, NA, Wells Fargo Bank, NA, Bank Of China, Chicago Branch, United Overseas Bank Ltd., New York Agency, Bank Of Nova Scotia, Banco Santander, SA, New York Branch, U.S. Bank NA, Agricultural Bank Of China Ltd., New York Branch, TD Securities (USA) LLC, Industrial And Commercial Bank Of China Ltd., New York Branch, Commerzbank AG, New York Branch and JPMorgan Chase Bank, NA were the syndication agents. They were joined by BofA Securities, Inc. and were all joint lead arrangers and joint bookrunners.

The global derivatives marketplace is based in Chicago.

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