CHICAGO, June 26, 2017 /PRNewswire/ -- CBOE Holdings,
Inc. (BATS: CBOE | NASDAQ: CBOE) announced today that it priced an
underwritten public offering of $300
million of its 1.950% Senior Notes due 2019. The offering is
expected to close on June 29, 2017,
subject to the satisfaction of customary closing conditions.
CBOE Holdings estimates that the net proceeds from the offering
will be approximately $298 million,
after deducting the underwriting discount and estimated offering
expenses.
CBOE Holdings intends to use the net proceeds from the offering
to repay amounts outstanding under its term loan facility.
Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC,
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are
acting as joint book-running managers of the offering.
The offering is being made pursuant to an effective shelf
registration statement (including a prospectus) on file with the
Securities and Exchange Commission (the "SEC"). Information about
the offering is available in the preliminary prospectus supplement
that was filed by CBOE Holdings with the SEC today. This press
release shall not constitute an offer to sell nor an offer to buy
any notes and shall not constitute an offer, solicitation or sale
in any jurisdiction in which such offer, solicitation or sale would
be unlawful. The offering of the notes may be made only by means of
a prospectus supplement and the accompanying prospectus.
Copies of the prospectus supplement and the accompanying
prospectus for the offering may be obtained by contacting Wells
Fargo Securities, LLC, 608 2nd Avenue South, Suite 100,
Minneapolis, MN 55402, Attn: WFS
Customer Service, telephone: (800) 645-3751 and Morgan Stanley
& Co. LLC, 180 Varick Street, New
York, NY 10014, Attn: Prospectus Department, telephone:
(866) 718-1649. Alternatively, you may request copies of these
documents without charge from the SEC by visiting www.sec.gov.
About CBOE Holdings, Inc.
CBOE Holdings, Inc. (BATS: CBOE | NASDAQ: CBOE), owner of the
Chicago Board Options Exchange,
the Bats exchanges, CBOE Futures Exchange (CFE) and other
subsidiaries, is one of the world's largest exchange holding
companies and a leader in providing global investors cutting-edge
trading and investment solutions.
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Media
Contacts
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Analyst
Contact
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Hannah
Randall
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Suzanne
Cosgrove
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Stacie
Fleming
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Debbie
Koopman
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+1-646-856-8809
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+1-312-786-7123
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+44-20-7012-8950
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+1-312-786-7136
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hrandall@cboe.com
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cosgrove@cboe.com
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sfleming@cboe.com
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koopman@cboe.com
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CBOE-C
CBOE-F
CBOE®, Chicago
Board Options Exchange®, CFE®,
BATS®, BZX®, Livevol®, CBOE
Volatility Index® and VIX® are registered
trademarks, and CBOE Futures ExchangeSM, CBOE
VestSM and CBOE Options InstituteSM are
service marks of CBOE Holdings, Inc. and its subsidiaries.
S&P® and S&P 500® are registered
trademarks of Standard & Poor's Financial Services, LLC and
have been licensed for use by CBOE. All other trademarks and
service marks are the property of their respective owners.
Cautionary Statements Regarding Forward-Looking
Information
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and which are subject
to the safe harbor provisions of those sections. You can identify
these statements by forward-looking words such as "may," "might,"
"should," "expect," "plan," "anticipate," "believe," "estimate,"
"predict," "potential" or "continue," and the negative of these
terms and other comparable terminology. All statements that reflect
our expectations, assumptions or projections about the future other
than statements of historical fact are forward-looking statements.
These forward-looking statements, which are subject to known and
unknown risks, uncertainties and assumptions, include statements
regarding the completion of the notes offering and the use of
proceeds therefrom. These statements are only predictions based on
our current expectations and projections about future events. There
are important factors that could cause our actual results to differ
materially from those expressed or implied by the forward-looking
statements.
We operate in a very competitive and rapidly changing
environment. New risks and uncertainties emerge from time to time,
and it is not possible to predict all risks and uncertainties, nor
can we assess the impact of all factors on our business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements.
Some factors that could cause actual results to differ
include: the loss of our right to exclusively list and trade
certain index options and futures products; economic, political and
market conditions; compliance with legal and regulatory
obligations; price competition and consolidation in our industry;
decreases in trading volumes, market data fees or a shift in the
mix of products traded on our exchanges; legislative or regulatory
changes; increasing competition by foreign and domestic entities;
our dependence on and exposure to risk from third parties; our
index providers' ability to maintain the quality and integrity of
their indexes and to perform under our agreements; our ability to
operate our business without violating the intellectual property
rights of others and the costs associated with protecting our
intellectual property rights; our ability to attract and retain
skilled management and other personnel, including those experienced
with post-acquisition integration; our ability to accommodate
trading volume and transaction traffic, including significant
increases, without failure or degradation of performance of our
systems; our ability to protect our systems and communication
networks from security risks, including cyber-attacks and
unauthorized disclosure of confidential information; challenges to
our use of open source software code; our ability to meet our
compliance obligations, including managing potential conflicts
between our regulatory responsibilities and our for-profit status;
damage to our reputation; the ability of our compliance and risk
management methods to effectively monitor and manage our risks; our
ability to manage our growth and strategic acquisitions or
alliances effectively; unanticipated difficulties or expenditures
relating to the acquisition of Bats Global Markets, Inc.,
including, without limitation, difficulties that result in the
failure to realize expected synergies, accretion, efficiencies and
cost savings from the acquisition within the expected time period
(if at all), whether in connection with integration, migrating
trading platforms, broadening distribution of product offerings or
otherwise; restrictions imposed by our debt obligations; our
ability to maintain an investment grade credit rating; potential
difficulties in our migration of trading platforms and our ability
to retain employees as a result of the acquisition; and the
accuracy of our estimates and expectations.
We do not undertake, and we expressly disclaim, any duty to
update any forward-looking statement whether as a result of new
information, future events or otherwise, except as required by law.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date
hereof.
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visit:http://www.prnewswire.com/news-releases/cboe-holdings-announces-pricing-of-senior-notes-offering-300479928.html
SOURCE CBOE Holdings, Inc.