CME Group Inc.. completes refinancing of 3-year revolving credit agreement

World's leading and most diverse derivatives market place CME Group Inc., has announced the completion of the refinancing of its three-year revolving credit and term loan agreement with an original maturity date of August 2011.

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The facility has been replaced with a $1 billion multi-currency revolving credit agreement with an expiration of January 2014.

Noteworthy elements of the transaction include the following:The $420.5 million term loan due to mature in August 2011 was prepaid.A combination of commercial paper and available cash was used to fund the prepayment of the term loan.An interest rate swap associated with the term loan was terminated, resulting in the acceleration into fourth-quarter of 2010 of approximately $9 million of non-operating expense that otherwise would have been expensed over the remaining life of the loan.Including interest saved from early termination of the term loan and net of additional interest expense related to the commercial paper, total savings of approximately $3 million are expected.Bank of America, N.A. served as administrative agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital, UBS Securities LLC, and Wells Fargo Securities, LLC served as joint lead arrangers.