CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that it priced an underwritten public offering of $300 million of its 1.950% Senior Notes due 2019. The offering is expected to close on June 29, 2017, subject to the satisfaction of customary closing conditions.
CBOE Holdings estimates that the net proceeds from the offering will be approximately $298 million, after deducting the underwriting discount and estimated offering expenses.
CBOE Holdings intends to use the net proceeds from the offering to repay amounts outstanding under its term loan facility.
Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers of the offering.
The offering is being made pursuant to an effective shelf registration statement (including a prospectus) on file with the Securities and Exchange Commission (the “SEC”). Information about the offering is available in the preliminary prospectus supplement that was filed by CBOE Holdings with the SEC today. This press release shall not constitute an offer to sell nor an offer to buy any notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. The offering of the notes may be made only by means of a prospectus supplement and the accompanying prospectus.