FXCM increases money raised in notes offering to $172.5 million LeapRate

June 03, 2013 BY Gerald Segal

FXCM increases money raised in notes offering to $172.5 million

FXCM positions itself strongly to pursue acquisitions, raising nearly $50M more than planned following strong demand for its notes. Leading FX broker FXCM, a member of LeapRate's Approved List, has increased the size of its initial note offering from a planned $125 million to $172.5 million, following strong demand from institutional investors for the offering. FXCM's five-year…

May 29, 2013 BY Gerald Segal

Why exactly is FXCM raising $125 million?

FXCM has $275 million in cash, and just over $100 million in debt. So why is it borrowing more money? Leading FX broker FXCM, a member of LeapRate's Approved List, announced yesterday its plans to raise $125 million in 5-year convertible notes. (Up to $144 million, actually, if the Wall Street underwriters choose to exercise…

December 21, 2011 BY Gerald Segal

FXCM arranges $150 million bank loan – but why?

FXCM has already has $178 million of cash in the bank, and no debt.

Tag: FXCM credit facility