Global Brokerage files to qualify its ‘new’ $172.5M debt to replace Convertible Notes LeapRate

January 18, 2018 BY LeapRate Staff

Global Brokerage files to qualify its 'new' $172.5M debt to replace Convertible Notes

Global Brokerage Inc (OTCMKTS:GLBR), formerly known as FXCM Inc, has taken the next step in its Chapter 11 bankruptcy reorganization, filing a 'T-3' form with the US Securities and Exchange Commission (SEC) to qualify the new debt it will issue to current holders of the company's $172.5 million of outstanding Convertible Notes. The new debt will…

December 12, 2017 BY LeapRate Staff

Global Brokerage gets approval for Chapter 11 restructuring and delisting, shares plunge

Global Brokerage, Inc. (NASDAQ:GLBR), formerly known as FXCM Inc, announced that 78.5% of the holders of its $172 million of outstanding Convertible Notes voted to approve the company's reorganization plan. The plan will see GLBR enter Chapter 11 bankruptcy reorganization, with the convertible notes "converted" to become non-convertible, their interest rate hiked from 2.25% to 7%,…

August 22, 2017 BY Valentina Kirilova

GAIN announces exercise of full over-allotment option for convertible senior notes due 2022

FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) announced today that, in connection with GAIN Capital's private offering of 5.00% Convertible Senior Notes due 2022, the initial purchasers have exercised in full their option to purchase an additional $12.0 million in aggregate principal amount of the notes. The full exercise of the option to purchase additional…

August 17, 2017 BY LeapRate Staff

GAIN Capital shares trade down by 12% after pricing $80 million Convertible Notes offering

Shares of FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP), the parent company of Retail FX broker Forex.com and institutional FX platform GTX, were down sharply on Thursday morning NYSE trading after the company announced it had successfully priced an $80 million Convertible Notes offering, which we first reported last night. GCAP shares were at $6.04…

August 16, 2017 BY LeapRate Staff

Forex.com parent GAIN Capital raising $80 million in convertible note offering

Gain Capital Holdings Inc (NYSE:GCAP), the parent company of Retail FX broker Forex.com and institutional FX platform GTX, looks to be gearing up for more acquisitions as the company has announced plans to raise an additional $80 million in a convertible note offering. LeapRate readers will recall that this isn't the first time that GAIN…

November 27, 2013 BY Gerald Segal

Gain Capital convertible note offering raised to $80 million

Underwriters led by Jefferies exercise 'greenshoe' option Retail forex broker GAIN Capital (NYSE:GCAP) has reported yesterday that it after the increase of its convertible note offering last week, the initial purchasers have exercised their option to purchase additional $10 million of notes. With. Is action the total amount of notes sold aggregates $80 million, whilst the…

November 22, 2013 BY Gerald Segal

Gain Capital increases convertible note offering, raises $70 million

Funds to be used for debt repayment, share buybacks and potential strategic acquisitions Retail forex broker GAIN Capital (NYSE:GCAP) has just announced that it has successfully priced and increased the size of its convertible note offering to $70 million. The company also issued to the initial purchasers a 30-day option to purchase additional $10 million…

November 21, 2013 BY Gerald Segal

Gain Capital plays catch-up with FXCM, raising $65 million in convertible notes offering

The forex arms race is officially on, as leading forex brokers gear up for increased capital requirements and industry consolidation. The ink was barely dry on FXCM's agreement with its banks to increase its credit facility by nearly $100 million to $250 million, and now comes word that rival retail forex broker Gain Capital is…

Tag: convertible notes