Intercontinental Exchange Issues Senior Notes to Fund MarketAxess Acquisition

Intercontinental Exchange priced $3.75 billion in senior notes with maturities from 2029 to 2036, generating approximately $3.71 billion in net proceeds. ICE plans to use the proceeds, alongside a planned term loan, commercial paper, existing credit facilities and cash, to fund its acquisition of MarketAxess Holdings and related fees. The notes issuance marks a financing milestone in the ongoing acquisition process; the article provides no specific stock-price impact or acquisition value.