StoneX Group agreed to amend its existing $401 million senior secured credit facility, extending the maturity through April 2025 and increasing the size of the facility to $475 million. The existing facility, comprised of a $236 million revolving credit facility and a $165 million Term Loan A facility, is being amended to a $475 million revolving credit facility. This credit facility will continue to be used to finance working capital needs of StoneX Group and certain of its subsidiaries.
“Through increased support from our existing bank group as well as through a number of key new relationships, we are excited to announce the renewal and expansion of this important credit facility,” Sean O’Connor, CEO of StoneX, said. “With the support of this expanded group of bank partners, we look forward to continuing to expand our product offerings to our growing client base in the years to come.”
Bank of America Merrill Lynch, Bank of Montreal and Capital One acted as joint lead arrangers on the credit facility and participants included Signature Bank, CIBC Bank, BankUnited, Arvest Bank, Bank of Hope, Barclays Bank, Cadence Bank, Webster Bank, Citizens Bank, Huntington National Bank, TriState Capital Bank and Wintrust Financial Corporation.
