Cboe Global Markets Enters Material Definitive Agreement

TL;DR

CBOE just signed a big deal creating a financial obligation. Keep an eye on the financials.

AI Summary

On June 25, 2024, Cboe Global Markets, Inc. entered into a material definitive agreement, creating a direct financial obligation. The company, incorporated in Delaware, filed an 8-K report detailing this obligation. The filing was made on June 28, 2024.

Why It Matters

This filing indicates Cboe Global Markets has entered into a significant agreement that creates a financial obligation, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement that creates a direct financial obligation can introduce new risks related to the terms of the agreement and the company's ability to meet its commitments.

Key Players & Entities

• Cboe Global Markets, Inc. (company) — Registrant
• June 25, 2024 (date) — Date of earliest event reported
• June 28, 2024 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation

FAQ

Key Financial Figures

• $0.01 — egistered: Common Stock, par value of $0.01 per share CBOE CboeBZX Indicate b

Filing Documents

• tm2418253d1_8k.htm (8-K) — 29KB
• tm2418253d1_ex10-1.htm (EX-10.1) — 2590KB
• tm2418253d1_ex10-1img01.jpg (GRAPHIC) — 3KB
• tm2418253d1_ex10-1img02.jpg (GRAPHIC) — 2KB
• tm2418253d1_ex10-1img03.jpg (GRAPHIC) — 5KB
• 0001104659-24-076309.txt ( ) — 3085KB
• cboe-20240625.xsd (EX-101.SCH) — 3KB
• cboe-20240625_lab.xml (EX-101.LAB) — 33KB
• cboe-20240625_pre.xml (EX-101.PRE) — 22KB
• tm2418253d1_8k_htm.xml (XML) — 3KB

01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

Item 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On June 25, 2024, Cboe Global Markets, Inc. (the "Company"), as guarantor, entered into an Amendment and Restatement Agreement (the "A&R Agreement") with Cboe Clear Europe N.V. (formerly known as European Central Counterparty N.V., "Cboe Clear Europe"), as borrower, Bank of America Europe Designated Activity Company, as co-ordinator and facility agent, and Citibank N.A., London Branch, as security agent, in order to amend and restate the Cboe Clear Europe credit facility, originally dated as of July 1, 2020, by and among the same parties (as previously amended and restated by way of an amendment and restatement agreement dated July 1, 2021, June 30, 2022 and June 29, 2023, respectively, and, as further amended and restated, the "Facility Agreement"). The A&R Agreement makes certain changes to the Facility Agreement, including without limitation, the following: Extended the term of the Facility Agreement until June 27, 2025; Reduced the aggregate commitment under the Facility Agreement from Euro 1.25 billion to Euro 1.2 billion; Reduced the aggregate commitment under the Facility Agreement, after the accordion increase, from Euro 1.75 billion to Euro 1.7 billion; and Modified certain other provisions to incorporate updates in applicable laws and regulations. The Company's obligations under the Facility Agreement shall continue in full force and effect as set forth in the A&R Agreement. Certain of the lenders under the Facility Agreement and their affiliates (1) have provided, and may in the future provide, investment banking, underwriting, trust or other advisory or commercial services to the Company and its subsidiaries and affiliates or (2) are the Company's and its subsidiaries' and affiliates' customers, including trading permit holders, trading privilege holders, participants or members, and may engage in trading activities on Company markets. The foregoing description does not purport to be co

03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION

Item 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT. The information in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

01. FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. Exhibit Number Description 10.1 Amendment and Restatement Agreement, dated June 25, 2024, by and among Cboe Clear Europe N.V., as borrower, Cboe Global Markets, Inc., as guarantor, Bank of America Europe Designated Activity Company, as co-ordinator and facility agent, and Citibank N.A., London Branch, as security agent, relating to a Facility Agreement originally dated July 1, 2020, by and among the same parties (as previously amended and restated by way of an amendment and restatement agreement dated July 1, 2021, June 30, 2022 and June 29, 2023, respectively, and further amended and restated). 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CBOE GLOBAL MARKETS, INC. By: /s/ Jill M. Griebenow Jill M. Griebenow Executive Vice President and Chief Financial Officer Dated: June 28, 2024

View Full Filing

View this 8-K filing on SEC EDGAR