<ul><li>Intercontinental Exchange (ICE) has acquired the American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American banks and financial institutions.</li><li>The acquisition is not expected to have a material impact on ICE’s 2025 financial results or on ICE’s deleveraging or capital return plans.</li><li>AFX's focus on regional, midsize, community, and minority-owned banks complements ICE's mortgage technology network.</li><li>AFX operates the credit-sensitive American Interbank Offered Rate (AMERIBOR®), produced through a network of over 1,000 American banks and financial institutions.</li></ul>

ICE Acquires the American Financial Exchange

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