Effective as of January 7, 2019, IHS Markit Ltd. prepaid in full and terminated the 364-day term loan credit facility entered into in June 2018 with HSBC Bank USA, National Association, as administrative agent and a syndicate of lenders party thereto. In connection with this prepayment, the Company paid total consideration of approximately $250.9 million, which consisted of $250.0 million of remaining aggregate principal amount outstanding and approximately $0.9 million of accrued and unpaid interest. The Company funded this repayment using cash on hand and borrowings under the Company’s revolving credit facility entered into in June 2018. The interest rates for borrowings under the 364-day term loan credit facility were the applicable LIBOR plus a spread of 1.00% to 1.75%, depending upon the Company’s credit rating. The spread over LIBOR was subject to a 0.25% step-up on the 180th day following the closing date of the facility and a 0.50% step-up on the 270th day following the closing date of the facility.