GFI Group Prices $250 Million of 8.375% Senior Notes Due 2018
GFI Group Inc. (NYSE: GFIG) announced today that it has agreed to sell $250 million aggregate principal amount of 8.375% Senior Notes due 2018 in a private offering to qualified institutional buyers pursuant to Rule 144A and to certain persons in offshore transactions pursuant to Regulation S, each under the Securities Act of 1933, as amended.
The notes were priced to investors at 100% of their principal amount. The offering of the Notes is expected to close on July 19, 2011, subject to customary closing conditions. The Notes will mature on July 19, 2018 and will be senior unsecured obligations of GFI Group Inc. Interest on the Notes will be payable semi-annually on January 19th and July 19th of each year, commencing on January 19, 2012.
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