September 24, 2017 12:21 PM ET

Capital Markets

Company Overview of KCG Americas LLC

Company Overview

KCG Americas LLC operates as a stock broker. It offers settlement and clearance services, direct market access trading, and electronic access and trade execution products for the retail fixed income market. KCG Americas LLC was formerly known as Knight Capital Americas LLC and changed its name to KCG Americas LLC on December 31, 2013. The company was founded in 2009 and is based in Jersey City, New Jersey. KCG Americas LLC operates as a subsidiary of Knight Capital Holdings LLC.

545 Washington Boulevard

Jersey City, NJ 07310

United States

Founded in 2009

Phone:

201-222-9400

Key Executives for KCG Americas LLC

KCG Americas LLC does not have any Key Executives recorded.

KCG Americas LLC Key Developments

KCG Americas, LLC Announces First Amendment to Credit Agreement

KCG Americas, LLC (KCGA), a wholly owned broker-dealer subsidiary of KCG Holdings, Inc. (KCG), as borrower, KCG, as guarantor, the lenders from time to time party thereto, BMO Harris Bank N.A., as administrative agent, Bank of New York, as collateral agent, and BMO Capital Markets as lead arranger and book runner (collectively, the parties) entered into the First Amendment to Credit Agreement (the Amendment), which amends that certain credit agreement, dated June 5, 2015, between KCGA, as borrower, KCG, as guarantor, the lenders from time to time party thereto, BMO Harris Bank N.A., as administrative agent, Bank of America, N.A., as syndication agent, and BMO Capital Markets and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint lead arrangers and joint book runners (the Original Facility Agreement, and, as amended by the Amendment, the KCGA Facility Agreement). The amendment, among other things, reduces the lenders' aggregate commitments under the KCGA Facility Agreement from $355,000,000 to $260,000,000, extends the maturity of the facility from June 5, 2017 to June 4, 2018, and reduces the margins on borrowings under the facility. Borrowings under the facility shall bear interest, at a rate based on the federal funds rate (such loans referred to as Base Rate Loans) or based on LIBOR (such loans referred to as Eurodollar Loans), at KCGA's option, in each case plus an applicable margin. The Amendment reduces the margin on each Base Rate Loan and Eurodollar Loan from (a) for each Revolving A Loan (as defined in the KCGA Facility Agreement) from 1.50% to 1.25% per annum and (b) for each Revolving B Loan (as defined in the KCGA Facility Agreement) from 2.50% to 2.25% per annum. The amendment also amends a financial covenant under the KCGA Facility Agreement by increasing the minimum level of Excess Net Capital (as defined in the KCGA Facility Agreement) that KCGA must maintain from $75,000,000 to $100,000,000. In addition, the amendment reduces availability of Revolving B Loans by reducing the Revolving B Sublimit (as defined in the KCGA Facility Agreement) from $115,000,000 to $100,000,000.

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