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…

November 19, 2017 BY LeapRate Staff

FX Industry Week Review: GLBR Chapter 11, Betfred EU FX license, XTB in trouble, FCA regulates Binary Options, and lots more…

This will very clearly go down as one of the most momentous weeks of the year for Forex Industry News, not all of it for good reasons. Why didn't shares of Global Brokerage Inc (NASDAQ:GLBR) trade down after the company announced a Chapter 11 bankruptcy filing? And, what does FXCM management have to say about…

November 14, 2017 BY LeapRate Staff

Global Brokerage Inc files Chapter 11 and its shares trade down.... just 5%

Let's begin this article with what we wrote over the weekend when word broke of Global Brokerage Inc (NASDAQ:GLBR) filing for a "Chapter 11" bankruptcy reorganization - this isn't your typical bankruptcy filing. And, the effects of the filing (if any) on Retail FX broker FXCM, in which Global Brokerage holds a 50% interest, have been…

November 12, 2017 BY LeapRate Staff

Global Brokerage Inc bankruptcy - What it means for FXCM

Following the close of equity markets in the US on Friday afternoon, Global Brokerage Inc (NASDAQ:GLBR), formerly known as FXCM Inc, announced that it will be filing for "Chapter 11" protection under the United States Bankruptcy Code, as part of a planned reorganization of the company. Global Brokerage's main asset is its 50.1% holding in FXCM…

Tag: Global Brokerage bankruptcy