StoneX to redeem 8 5/8% secured notes due 2025 via new notes

By Marisa Wong

Los Angeles, Feb. 15 – StoneX Group Inc. plans to redeem in full its 8 5/8% senior secured notes due 2025 using proceeds from an offering of new senior secured notes, according to a press release.

The company announced on Thursday an offering of $550 million of senior secured notes due 2031. Proceeds from the offering will also be used to repay borrowings under the company’s senior secured revolving credit facility.

StoneX is a New York-based financial services company.

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