Nasdaq receives $2.2 billion acquisition facility
NEW YORK (Reuters) - Nasdaq Stock Market Inc. (NDAQ.O: Quote, Profile, Research, Stock Buzz) has a new credit facility expected to provide up to $2.2 billion in financing for its acquisition of Nordic market operator OMX OMX.ST, which it agreed to buy for about $4.9 billion in a deal struck jointly with Borse Dubai.
Bank of America (BAC.N: Quote, Profile, Research, Stock Buzz) and JPMorgan Chase (JPM.N: Quote, Profile, Research, Stock Buzz) are backing the facility, according to the filing, which includes a $75.0 million revolving credit facility and two term loans totaling over $2 billion.
Nasdaq, the No. 2 U.S. stock exchange, also recently agreed to acquire the Philadelphia Stock Exchange for $652 million and the Boston Stock Exchange for $61 million.
(Reporting by Jonathan Keehner)
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