IG Group: Debt refinancing 600 600 million

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IG Group Holdings has announced χ 600 million ($ 802.1 million) in debt refinancing to support its growth ambitions.

The online trading company said it was issuing 300 300m bonds maturing in 2028, and committed to a new 300 300m recycling credit facility, which could rise to 400 400m.

The refinancing includes the repayment and cancellation of a current credit line of 125 125 million and a loan of 250 250 million.

“This will enable the board to continue to pursue its value-added goals with confidence, while at the same time managing our risks by strengthening our capital base and liquidity position,” said CFO Charlie Rozes.

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Source From: Capital

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