MKTX · 10-Q · 2026Q2 · Full report

Outstanding Indebtedness

MARKETAXESS HOLDINGS INC · 2026-08-07 · Importance 54 · Surprise 40

The Company’s Credit Agreement provides $750.0 million of aggregate commitments and matures February 2, 2029. Borrowings under the facility were $112.0 million as of June 30, 2026, with $637.9 million of available capacity, and declined to $92.0 million with $657.9 million of capacity as of July 29, 2026. The Company had $3.9 million of settlement-bank overdrafts payable as of June 30, 2026. Subsidiaries had no borrowings under their $500.0 million of uncommitted, collateralized settlement-bank capacity, and the Company remained compliant with all applicable covenants.

Key facts

• The Credit Agreement provides for aggregate commitments totaling $750.0 million and matures on February 2, 2029 source
• Interest expense increased by $1.7 million primarily due to borrowings on the Company’s credit facility, along with cash on hand, to fund the ASR. source
• Borrowings under Credit Agreement bear interest at alternate base rate or adjusted term SOFR plus applicable margin that varies with consolidated total leverage ratio source