Nasdaq, Inc. 8-K

Summary

A new revolving credit facility. On 6/30/2026, Nasdaq entered into a $1.5B senior unsecured facility replacing its prior credit agreement; no loans were outstanding under the new facility as of 7/1/2026. Proceeds may be used for general corporate purposes, including acquisitions, debt repayment and share repurchases.

Key Figures

• Maturity: 6/30/2031. Nasdaq may increase commitments by up to $1.0B, subject to customary conditions.
• Interest margins vary with Nasdaq’s debt ratings: 87.5–150 basis points for benchmark and Daily Simple SOFR loans, and 0–50 basis points for U.S. dollar loans tied to the alternative base rate. The fee on unused commitments is 8–15 basis points.
• Leverage covenant: no greater than 3.75 to 1.00 over four consecutive fiscal quarters, with temporary increases permitted after certain material acquisitions.
• Voluntary prepayments and reductions of unused commitments are permitted without premium or penalty, except customary breakage costs.