CBOE Holdings, Inc. ?BBB+? Rating Affirmed on $650 million Senior Notes Issuance; Outlook Stable

CBOE Holdings, Inc. (CBOE) priced $650 million of senior notes on January 09, 2017, in anticipation of the Bats acquisition. We are affirming our 'BBB+' long-term issuer credit rating on CBOE. The stable outlook reflects our expectation that the CBOE`s creditworthiness will remain largely stable after the Bats acquisition, as the risk from additional leverage are offset by the stronger business profile of the combined firms. TORONTO (S&P Global Ratings) Jan. 10, 2017--– S&P Global Ratings said today it affirmed its 'BBB+' long-term issuer credit rating on CBOE Holdings, Inc. (CBOE). At the same time, we assigned a 'BBB+' issue rating to the $650 million senior notes due 2027. "CBOE announced on January 9, 2017 the pricing of $650 million

...+ CBOE Holdings, Inc. (CBOE) priced $650 million of senior notes on January 09, 2017, in anticipation of the Bats acquisition. + We are affirming our '###+' long-term issuer credit rating on CBOE. + The stable outlook reflects our expectation that the CBOE`s creditworthiness will remain largely stable after the Bats acquisition, as the risk from additional leverage are offset by the stronger business profile of the combined firms. TORONTO (S&P Global Ratings) Jan. 10, 2017--¡ S&P Global Ratings said today it affirmed its '###+' long-term issuer credit rating on CBOE Holdings, Inc. (CBOE). At the same time, we assigned a '###+' issue rating to the $650 million senior notes due 2027. "CBOE announced on January 9, 2017 the pricing of $650 million of senior notes, in anticipation of the Bats Global Markets, Inc.(Bats)acquisition," said S&P Global Ratings credit analyst Daniel Koelsch. CBOE intends to use a portion of the proceeds from this issuance, combined with $1 billion of term loan (put...

Ratings Action