StoneX Group Inc. (SNEX): debt financing — StoneX closes $550M of 7.875% senior secured notes due 2031

StoneX Group Inc.

$550M aggregate principal amount issued at 7.875% interest, maturing March 1, 2031.
Interest payable semi-annually on March 1 and September 1, beginning September 1, 2024.
Notes are senior secured second lien, guaranteed by subsidiaries that guarantee the revolving credit facility.
Proceeds not specified; notes issued in private offering under Rule 144A and Regulation S.
Redemption options include make-whole prior to 2027 and up to 40% with equity offering proceeds before 2027.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

StoneX Group Inc. incurred senior notes of $550 million with The Bank of New York Mellon at 7.875% per annum maturing March 1, 2031.

Instrument: senior notes
Principal: $550 million
Counterparty: The Bank of New York Mellon
Rate: 7.875% per annum
Maturity: March 1, 2031
Event: incurrence

Exact text from the filing

StoneX Group Inc. (the “Company”) completed the issuance and sale of $550 million in aggregate principal amount of its 7.875% Senior Secured Notes due 2031 (the “Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

StoneX Group Inc. entered into Indenture with The Bank of New York Mellon valued at $550 million (effective 2024-03-01).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon
Value: $550 million
Effective: 2024-03-01

Exact text from the filing

On March 1, 2024, StoneX Group Inc. (the “Company”) completed the issuance and sale of $550 million in aggregate principal amount of its 7.875% Senior Secured Notes due 2031 (the “Notes”). The Notes were issued pursuant to an Indenture, dated March 1, 2024 (the “Indenture”), by and among the Company, the guarantors party thereto from time to time and The Bank of New York Mellon, as trustee (in such capacity, the “Trustee”) and collateral agent (in such capacity, the “Collateral Agent”).

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Source: SEC EDGAR

accession 0000913760-24-000055

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