Nasdaq, Inc. has entered into a new Amended and Restated Credit Agreement for a $1.5 billion senior unsecured five-year revolving credit facility. This new facility replaces the company's previous credit agreement dated December 16, 2022. The Revolving Credit Facility has an option to increase commitments by up to $1.0 billion. Interest rates are based on a reference rate plus a margin, ranging from 87.5 to 150.0 basis points for Benchmark and Daily Simple SOFR Loans, and 0.0 to 50.0 basis points for alternative base rate loans. A commitment fee on the unused portion of the facility ranges from 8.0 to 15.0 basis points. Proceeds can be used for general corporate purposes, including acquisitions, debt repayment, share repurchases, and facility-related costs. A key financial covenant requires the Leverage Ratio not to exceed 3.75 to 1.00, with provisions for temporary increases up to 4.50 to 1.00 in connection with material acquisitions. The agreement includes customary covenants limiting subsidiary indebtedness, liens, asset dispositions, mergers, and consolidations. The facility matures on June 30, 2031, with voluntary prepayments allowed without penalty. As of July 1, 2026, no loans were outstanding under the new facility.