GFI Group plans $250 million 10-year note sale via Rule 144A

By Andrea Heisinger

New York, Aug. 17 - GFI Group Inc. is planning a $250 million offering of 10-year senior notes, according to a press release.

The notes (/BBB-/BBB) will be priced under Rule 144A and Regulation S.

Proceeds will be used to repay outstanding amounts under an existing credit agreement, to repay existing senior secured notes due on Jan. 20, 2013 and to fund all related premium and transaction expenses.

Bookrunners are Bank of America Merrill Lynch and Barclays Capital Inc.

The deal is expected to close the week of Aug. 23.

The brokerage and trade execution company is based in New York City.

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