StoneX Group Inc. Announces Closing of $550 Million of Senior Secured Notes due 2031
02 3월 2024 - 6:15AM
StoneX Group Inc. (the “Company”; NASDAQ: SNEX), today announced
the closing of its previously-announced offering of $550 million in
aggregate principal amount of 7.875% Senior Secured Notes due 2031
(the “Notes”). The Notes and the related Note guarantees were
offered and sold in a private offering to persons reasonably
believed to be qualified institutional buyers pursuant to Rule 144A
under the Securities Act of 1933, as amended (the “Securities
Act”), and to certain persons outside the United States pursuant to
Regulation S under the Securities Act.
The Notes are fully and unconditionally
guaranteed, jointly and severally, on a senior secured second lien
basis by each of the Company’s existing and future subsidiaries
that guarantees indebtedness under the Company’s senior secured
revolving credit facility and certain other senior indebtedness.
The guarantees are subject to release under specified
circumstances. The Notes and the related guarantees are secured on
a second priority basis by liens on substantially all of the
Company’s and the guarantors’ property and assets, subject to
certain exceptions and permitted liens. The liens on the Company’s
and the guarantors’ assets that secure the Notes and the related
guarantees are contractually subordinated to the liens on the
Company’s and the guarantors’ assets that secure the Company’s and
the guarantors’ existing and future first lien obligations,
including indebtedness under the Company’s senior secured revolving
credit facility, as a result of an intercreditor agreement entered
into by the collateral agent for the Notes and the agent for the
Company’s senior secured revolving credit facility. The Notes pay
interest semiannually, in arrears, at a rate of 7.875% per
annum.
This press release is neither an offer to sell
nor a solicitation of an offer to buy the Notes, the related
guarantees or any other security, nor shall there be any offer,
solicitation or sale of any securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful. Any
offers of the Notes and the related guarantees were made only by
means of a private offering memorandum.
The offer and sale of the Notes and related
guarantees have not been, and will not be, registered under the
Securities Act, or the securities laws of any other jurisdiction,
and the Notes and related guarantees may not be offered or sold in
the United States absent registration or applicable exemptions from
registration requirements.
Cautionary Note Regarding
Forward-Looking Statements
Statements in this release that are not
historical facts are “forward-looking” statements and “safe harbor
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 that involve risks and/or uncertainties,
including those described in the Company’s public filings with the
Securities and Exchange Commission. Forward-looking statements are
based on management’s current expectations and assumptions and not
on historical facts. Examples of these statements include, but are
not limited to, the expected use of proceeds. Because
forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks, and changes in circumstances that
are difficult to predict. Our actual results may differ materially
from those contemplated by the forward-looking statements. They are
neither statements of historical fact nor guarantees or assurances
of future performance. Therefore, we caution you against relying on
any of these forward-looking statements. Among the important
factors that could cause actual results to differ materially from
those indicated in such forward-looking statements include risks
and other factors described in the Company’s periodic reports filed
with the Securities and Exchange Commission. In providing
forward-looking statements, the Company is not undertaking any duty
or obligation to update these statements publicly as a result of
new information, future events or otherwise, except as required by
law. If the Company updates one or more forward- looking
statements, no inference should be drawn that it will make
additional updates with respect to those other forward-looking
statements.
StoneX Group Inc.
Investor inquiries:
Kevin Murphy
(212) 403 - 7296
kevin.murphy@stonex.com
SNEX-G
StoneX (NASDAQ:SNEX)
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StoneX (NASDAQ:SNEX)
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