Intercontinental Mercantile Exchange's (IMEX) Executes Long-term Refinancing Deal

London, United Kingdom, May 29, 2009 --(PR.com)-- Intercontinental Mercantile Exchange's (IMEX)) announced that its wholly owned subsidiary, Transad Company, successfully completed a $4.10 billion refinancing that replaces the majority of a term loan due in November of 2010 and, along with cash on hand, will be used to retire $475 million of its senior notes otherwise due in November of 2011. The refinancing includes $750 million in new term loans due in 2016 and $500 million of new senior notes due in 2017. The arrangements also include a new five-year, $250 million revolving credit facility supplied by a consortium of 7 banks, replacing the revolving credit facility that would otherwise have expired in November of 2009.

Pricing on the new term loans was set at a rate plus 350 basis points, with a minimum of 300 basis points, and sold at $97.50 per $100 of principal amount for a yield of just under 7%. The $500 million of senior unsecured notes issued in the high yield market carry a coupon of 8 1/4% and were priced to yield 8 5/8%.

About Intercontinental Mercantile Exchange

Intercontinental Mercantile Exchange, the holding company was launched on April 4, 2007. IMEX operates United Kingdom' s largest and most liquid exchange group and offers the most diverse array of financial products and services.

IMEX , which brings together six cash equities exchanges in five countries and six derivatives exchanges, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data.

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