January 20, 2015 BY LeapRate Staff
Where will FXCM shares trade today?
Pre-market indications are that FXCM will start off at somewhere in the $2.50-3.00 per share range.
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January 20, 2015 BY LeapRate Staff
FXCM-Leucadia deal details - rising interest, forced sale after 3 years
The investment structure is somewhat complicated, but essentially Leucadia will get about half of the sale proceeds (or more) of FXCM beyond the $300 million it lent the company. And it can force a sale after three years.
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January 16, 2015 BY Maria Nikolova
Leucadia extends $300m in financing to FXCM
Leucadia National Corp. (NYSE:LUK), the New York-based financial conglomerate, will provide $300m in financing to FXCM Inc (NYSE:FXCM), the retail FX giant, allowing it to stay afloat and keep operations. The investment is done in the form of a $300 million senior secured term loan with a two-year maturity and an initial coupon of 10%.…
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