NASDAQ, INC. — Form 8-K
Filed July 1, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
NASDAQ, Inc. amended and restated its credit agreement dated December 16, 2022, effective June 30, 2026. The facility comprises two tranches: Revolving A Commitment of $792,000,000 and Revolving B Commitment of $708,000,000 (total $1,500,000,000), both maturing June 30, 2031. Bank of America serves as Administrative Agent; BofA Securities, Citibank, Goldman Sachs, JPMorgan, Morgan Stanley, Nordea, Skandinaviska Enskilda Banken, and Wells Fargo are Joint Lead Arrangers. Interest rates are based on SOFR plus applicable spreads (ranging 0.875%-1.500% depending on debt rating). No material dollar amounts of outstanding borrowings or pricing changes from prior agreement are disclosed in this execution copy.
Why this rating
Routine refinancing of existing credit facility. $1.5B facility is ~3.7% of NASDAQ's $40.6B market cap—modest relative to company size. Standard extension to 2031 with no apparent structural changes or new covenants disclosed.
View original filing on SEC.gov ↗
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