Intercontinental Exchange prices debt offering to finance MarketAxess acquisition

Filed August 13, 2026 · ~1 min read

Key Changes

• high

  ICE is issuing notes alongside term loan borrowings, commercial paper, and other debt to finance the MarketAxess acquisition purchase price plus transaction fees and expenses.

  Use of Proceeds verify on EDGAR →
• high

  Pro forma consolidated debt will reach approximately $26.0 billion after the acquisition financing, substantially increasing ICE's leverage and potentially limiting operational flexibility.

  Risk Factors verify on EDGAR →
• high

  Certain notes (SMR notes) include a special mandatory redemption at 101% of principal plus accrued interest if the MarketAxess acquisition fails to close within the specified timeframe or the merger agreement is terminated.

  Risk Factors verify on EDGAR →