This excerpt taken from the NDAQ 10-K filed Feb 28, 2007.
General Terms of the Credit Facilities
Any amounts prepaid under the Credit Facilities, excluding the un-drawn $75.0 million revolving credit facility, constitute permanent reductions in availability.
The interest rate on loans made under the Credit Facilities, excluding the un-drawn $75.0 million revolving credit facility, is expected to be either:
Nasdaq has also agreed to pay customary fees and expenses related to the Credit Facilities and to provide customary indemnities.
Our obligations under the Credit Facilities are secured by a security interest in and liens upon substantially all of our assets and subsidiaries. All of our domestic subsidiaries are guarantors of our obligations under the Credit Facilities, excluding the regulated broker-dealer subsidiaries, the insurance-related subsidiaries and the TRF.
The Credit Facilities contain customary negative covenants which will affect our subsidiaries and us, including the following:
The Nasdaq Stock Market, Inc.
Notes to Consolidated Financial Statements(Continued)
In addition, the Credit Facilities contain financial covenants, specifically, a maintenance of minimum interest expense coverage ratio and maximum leverage ratio, as defined in the Credit Facilities and pursuant to the following schedules: