Nasdaq has entered into an amended and restated credit agreement, providing a $1.5 billion senior unsecured five-year revolving credit facility. This new facility, which matures on June 30, 2031, replaces the company's previous credit agreement from December 2022. The proceeds may be used for general corporate purposes, including acquisitions, debt repayment, and share repurchases.
Key Details
- Facility Terms: The agreement provides a $1.5 billion senior unsecured revolving credit facility with a five-year term, maturing on June 30, 2031.
- Expansion Option: The company has an option to increase the total commitments by up to an additional $1.0 billion, subject to customary conditions.
- Financial Covenant: The agreement includes a financial covenant requiring the company's Leverage Ratio to not exceed 3.75 to 1.00, with temporary increases permitted for material acquisitions.
- Status: As of July 1, 2026, there were no loans outstanding under the new facility.