ICE · 10-Q · 2026Q2 · Full report
Outstanding Indebtedness
Intercontinental Exchange, Inc. · 2026-07-30 · Importance 54 · Surprise 14 · From source text
ICE had $19.8 billion of outstanding debt as of June 30, 2026, including $18.6 billion of senior notes and $1.2 billion under its Commercial Paper Program. Senior notes carried a weighted-average cost of 3.7%, while commercial paper had a weighted-average interest rate of 4.0% and a 24-day weighted-average remaining maturity. Commercial paper interest expense increased to $33 million for the six months ended June 30, 2026 from $17 million in the prior-year period, primarily because of higher borrowings. ICE maintains a $3.9 billion Credit Facility through May 31, 2029, including $2.5 billion available for working capital and general corporate purposes, to manage rollover risk.
Key facts
- Intercontinental Exchange, Inc. has a $3.9 billion Credit Facility with a maturity date of May 31, 2029. source
- Intercontinental Exchange, Inc. had net proceeds of commercial paper of $183 million during the six months ended June 30, 2026 as compared to net proceeds of $72 million during the six months ended June 30, 2025. source
- Intercontinental Exchange, Inc. recorded interest expense on senior notes of $367 million and $383 million during the six months ended June 30, 2026 and 2025, respectively, and $183 million and $189 million during the three months ended June 30, 2026 and 2025, respectively. source
- Intercontinental Exchange, Inc. incurred interest expense on borrowings under its Commercial Paper program of $33 million and $17 million during the six months ended June 30, 2026 and 2025, respectively, and $18 million and $9 million during the three months ended June 30, 2026 and 2025, respectively. source
- As of June 30, 2026, Intercontinental Exchange, Inc.'s senior notes of $18.6 billion have a weighted average maturity of 13 years and a weighted average cost of 3.7% per annum. source
- Higher interest rates have resulted, and may continue to result, in higher interest rates for Intercontinental Exchange's debt instruments as it refinances existing indebtedness. source
- As of June 30, 2026, Intercontinental Exchange, Inc. had $19.8 billion in outstanding debt, consisting of $18.6 billion of senior notes and $1.2 billion under its Commercial Paper Program. source
- Interest income related to $500 million of net proceeds from the 2031 Notes produced $10 million and $3 million of interest income during the six and three months ended June 30, 2025, respectively, and no related interest income was earned for the six and three months ended June 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +0.4% | Intercontinental Exchange, Inc. recorded interest expense on senior notes of $367 million and $383 million during the six months ended… |
| net_income | negative | realized | -0.4% | Intercontinental Exchange, Inc. incurred interest expense on borrowings under its Commercial Paper program of $33 million and $17 million… |
| liability | negative | realized | -0.1% | Intercontinental Exchange, Inc. had net proceeds of commercial paper of $183 million during the six months ended June 30, 2026 as compared… |