CHICAGO, June 14, 2018 /PRNewswire/ -- CME Group Inc.
(NASDAQ: CME) today 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.
This announcement is neither an offer to sell nor a solicitation
of an offer to buy any securities and shall not constitute an
offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale would be unlawful. Any offers of the
notes will be made exclusively by means of a prospectus and
prospectus supplement.
Joint bookrunners for the transaction include J.P. Morgan
Securities LLC, Barclays Capital Inc., Merrill Lynch, Pierce,
Fenner & Smith Incorporated, BMO Capital Markets Corp., Credit
Suisse Securities (USA) LLC,
Lloyds Securities Inc., MUFG Securities Americas Inc. and Wells
Fargo Securities, LLC. J.P. Morgan Securities LLC, Barclays Capital
Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are
acting as representatives of the underwriters. Copies of the
prospectus supplement and accompanying prospectus relating to the
offering may be obtained by contacting J.P. Morgan Securities LLC,
Attention: Investment Grade Syndicate Desk, 3rd Floor, 383 Madison
Avenue, New York, NY, 10179, or by
calling 1-212-834-4533 (collect), Barclays Capital Inc. at c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or by calling
1-888-603-5847, or by emailing Barclaysprospectus@broadridge.com
and Merrill Lynch, Pierce, Fenner & Smith Incorporated,
Attention: Prospectus Department, NC1-004-03-43 200 North College
Street, 3rd Floor, Charlotte NC 28255-0001, or by calling
1-800-294-1322, or by emailing dg.prospectus_requests@baml.com.
As the world's leading and most diverse derivatives marketplace,
CME Group is where the world comes to manage risk. CME Group
exchanges offer the widest range of global benchmark products
across all major asset classes, including futures and options based
on interest rates, equity indexes, foreign exchange, energy,
agricultural products and metals. Around the world, CME Group
brings buyers and sellers together through its CME Globex®
electronic trading platform. CME Group also operates one of
the world's leading central counterparty clearing providers
through CME Clearing, which offers clearing and settlement
services across asset classes for exchange-traded and
over-the-counter derivatives. CME Group products and services
ensure that businesses around the world can effectively manage risk
and achieve growth.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. Dow Jones, Dow Jones Industrial Average,
S&P 500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
been licensed for use by Chicago Mercantile Exchange Inc. All
other trademarks are the property of their respective
owners.
Statements in this press release that are not historical
facts are forward-looking statements. These statements are not
guarantees of future performance and involve risks, uncertainties
and assumptions that are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or implied in any forward-looking statements. We want to caution
you not to place undue reliance on any forward-looking statements.
We undertake no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events
or otherwise. Among the factors that might affect our performance
are increasing competition by foreign and domestic entities,
including increased competition from new entrants into our markets
and consolidation of existing entities; our ability to keep pace
with rapid technological developments, including our ability to
complete the development, implementation and maintenance of the
enhanced functionality required by our customers while maintaining
reliability and ensuring that such technology is not vulnerable to
security risks; our ability to continue introducing competitive new
products and services on a timely, cost-effective basis, including
through our electronic trading capabilities, and our ability to
maintain the competitiveness of our existing products and services,
including our ability to provide effective services to the swaps
market; our ability to adjust our fixed costs and expenses if our
revenues decline; our ability to maintain existing customers,
develop strategic relationships and attract new customers; our
ability to expand and offer our products outside the United States; changes in regulations,
including the impact of any changes in laws or government policy
with respect to our industry, such as any changes to regulations
and policies that require increased financial and operational
resources from us or our customers; the costs associated with
protecting our intellectual property rights and our ability to
operate our business without violating the intellectual property
rights of others; decreases in revenue from our market data as a
result of decreased demand; changes in our rate per contract due to
shifts in the mix of the products traded, the trading venue and the
mix of customers (whether the customer receives member or
non-member fees or participates in one of our various incentive
programs) and the impact of our tiered pricing structure; the
ability of our financial safeguards package to adequately protect
us from the credit risks of clearing members; the ability of our
compliance and risk management methods to effectively monitor and
manage our risks, including our ability to prevent errors and
misconduct and protect our infrastructure against security breaches
and misappropriation of our intellectual property assets; changes
in price levels and volatility in the derivatives markets and in
underlying equity, foreign exchange, interest rate and commodities
markets; economic, political and market conditions, including the
volatility of the capital and credit markets and the impact of
economic conditions on the trading activity of our current and
potential customers; our ability to accommodate increases in
contract volume and order transaction traffic and to implement
enhancements without failure or degradation of the performance of
our trading and clearing systems; our ability to execute our growth
strategy and maintain our growth effectively; our ability to manage
the risks and control the costs associated with our strategy for
acquisitions, investments and alliances; our ability to consummate
the NEX Acquisition and achieve the expected cost savings,
synergies and other expected strategic benefits from the NEX
Acquisition within the time frames indicated or at all; our ability
to continue to generate funds and/or manage our indebtedness to
allow us to continue to invest in our business; industry and
customer consolidation; decreases in trading and clearing activity;
the imposition of a transaction tax or user fee on futures and
options on futures transactions and/or repeal of the 60/40 tax
treatment of such transactions; our failure to maintain our brand's
reputation; the unfavorable resolution of material legal
proceedings and the uncertainties of the ultimate impact of the Tax
Cuts and Jobs Act. For a detailed discussion of these and other
factors that might affect our performance, see our filings with the
Securities and Exchange Commission, including our most recent
periodic reports filed on Form 10-K and Form 10-Q.
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SOURCE CME Group