CME Group raises $1.2 billion in debt to pay for NEX Group acquisition

CME Group Inc. (NASDAQ: CME) has announced it priced an underwritten public offering of $500 million aggregate principal amount of senior unsecured 3.750% notes due 2028 and $700 million aggregate principal amount of senior unsecured 4.150% notes due 2048. The offering is being made under CME Group’s existing shelf registration statement and is expected to close on June 21, 2018, subject to the satisfaction of customary closing conditions.

CME Group intends to use the net proceeds from the offering, together with cash on hand, to finance the payment of the cash consideration due in respect of its previously announced proposed cash and share acquisition of NEX Group plc by CME Group and CME London Limited, a wholly-owned subsidiary of CME Group. CME Group still expects the NEX transaction to close in the second half of 2018.

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