Shearman & Sterling represented BofA Securities, Barclays Capital, Deutsche Bank Securities, Citigroup Global Markets, Goldman Sachs & Co., J.P. Morgan Securities, RBC Capital Markets and TD Securities (USA) as joint book-running managers and Bancroft Capital- as co-manager in connection with the offering by Cboe Global Markets- (Cboe) of $500,000,000 aggregate principal amount of 1.625% senior notes due 2030. Cboe intends to use the net proceeds from the sale of the senior notes to finance the acquisition of BIDS Trading, repay a portion of amounts outstanding under its term loan facility and all outstanding indebtedness under its revolving credit facility and the remainder for general corporate purposes.
Cboe provides cutting-edge trading and investment solutions to market participants around the world. The company is committed to defining markets through product innovation, leading edge technology and seamless trading solutions. The company offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S., Canadian and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and volatility products based on the Cboe Volatility Index® (VIX® Index), recognized as the world's premier gauge of U.S. equity market volatility.