Daily News: February 26, 2019

BofAML, Capital One Arrange New $350MM Facility for INTL FCStone


INTL FCStone amended its existing $262 million senior secured credit facility, extending the maturity through February 2022 and increasing the size of the facility to $350 million.

Bank of America Merrill Lynch and Capital One acted as joint lead arrangers on the credit facility. Participants included Signature Bank, BMO Harris Bank, BankUnited, Barclays Bank PLC, CIBC Bank USA, Cadence Bank, Huntington National Bank, Webster Bank and TriState Capital Bank.

The amended facility is comprised of a $175 million revolving credit facility and a $175 million term loan A facility.

The funding will continue to be used to finance working capital needs of INTL FCStone and certain of its subsidiaries.

Sean O’Connor, CEO of INTL FCStone, said, “We are excited to announce the renewal and expansion of this important credit facility, accomplished through increased support from our existing bank group as well as through a number of key new relationships which we have established. We look forward to continuing to grow our business with the support of this expanded group of bank partners which helps us to better serve our clients.”