Private Credit, Banks Lining Up $1.7 Billion for OSTTRA Sale

Lenders are lining up at least $1.7 billion in debt financing to support CME Group Inc. and S&P Global Inc.’s potential sale of OSTTRA, a joint-venture that conducts post-trade services in the foreign exchange and derivatives markets, according to people familiar with the matter.

Both Wall Street banks and private credit firms are vying to arrange financing for a potential buyer in a deal valuing the company at approximately $3 billion, the people said.

Deliberations on a sale and financing are still preliminary and a deal may not materialize, the people said. Several parties have expressed interest in OSTTRA, ...