Flow Traders, a global trading firm providing liquidity in multiple asset classes across all major exchanges, closed on a $200 million private credit facility (PCF) and a $75 million revolving credit facility (RCF) co-led by leading global asset managers Benefit Street Partners and Stone Point Credit.
The interest rate on the PCF is SOFR + 500 basis points and would decrease to SOFR + 450 basis points if the trading capital to net debt ratio increases above a certain threshold. The facility has a maturity of six years and is subject to customary terms and conditions. The RCF has the same terms and conditions as the PCF.
The proceeds of the credit facilities will be used primarily for trading capital purposes.
Perella Weinberg Partners acted as financial advisor and A&O Shearman as legal advisor for the Company on this transaction. Debevoise & Plimpton acted as legal advisor for Benefit Street Partners and Stone Point Credit.
