INTL FCStone Inc. Announces New Three Year Credit Facility
NEW YORK, Sept. 24, 2013 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL)
announced that it has agreed to a new, three year, senior secured revolving
credit facility (the "Credit Facility") in the amount of $140 million. This
facility replaces a $135m facility maturing October 1, 2013 and will be used
to finance working capital needs of INTL FCStone Inc. and certain of its
Sean O'Connor, CEO of INTL FCStone, said, "We are very pleased with this new
credit facility and the support of our bankers.It provides us with greater
flexibility than the previous facility. Together with our successful issue of
senior notes in July 2013, this facility is an important part of our capital
structure and is designed to fund short term liquidity mismatches through the
Bank of America Merrill Lynch and Capital One, N.A. acted as Joint Lead
Arrangers and Joint Book Managers on the Credit Facility and participants
included Bank Hapoalim B.M., BMO Harris Bank N.A., and The Korea Development
Bank New York Branch.Bank of America N.A. is Administrative Agent on the
About INTL FCStone Inc.
INTL FCStone Inc. (INTL) provides execution and advisory services in
commodities, currencies and international securities. INTL's businesses, which
include the commodities advisory and transaction execution firm FCStone Group,
serve more than 20,000 customers in more than 100 countries through a network
of offices in twelve countries around the world.
Further information on INTL is available at www.intlfcstone.com.
Forward Looking Statements
This press release includes forward-looking statements including statements
regarding the combined company. All statements other than statements of
current or historical fact contained in this press release are forward-looking
statements. The words "believe," "expect," "anticipate," "should," "plan,"
"will," "may," "could," "intend," "estimate," "predict," "potential,"
"continue" or the negative of these terms and similar expressions, as they
relate to INTL FCStone Inc., are intended to identify forward-looking
These forward-looking statements are largely based on current expectations and
projections about future events and financial trends that may affect the
financial condition, results of operations, business strategy and financial
needs of the company. They can be affected by inaccurate assumptions,
including the risks, uncertainties and assumptions described in the filings
made by INTL FCStone Inc. with the Securities and Exchange Commission. In
light of these risks, uncertainties and assumptions, the forward-looking
statements in this press release may not occur and actual results could differ
materially from those anticipated or implied in the forward-looking
statements. When you consider these forward-looking statements, you should
keep in mind these risk factors and other cautionary statements in this press
These forward-looking statements speak only as of the date of this press
release. INTL FCStone Inc. undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Accordingly, readers are cautioned not to place undue
reliance on these forward-looking statements.
CONTACT: INTL FCStone Inc.
Director of Public Relations
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