INTL FCStone to repay revolver debt with proceeds from new notes

By Marisa Wong

Morgantown, W.Va., Oct. 22 – INTL FCStone Inc. plans to repay in full the debt outstanding under its revolving credit facility using proceeds from an offering of senior secured notes, according to a press release.

The company announced on Monday that it plans to offer $350 million of notes due 2023.

The New York-based financial services provider said it will also use proceeds to repay outstanding debt of its operating subsidiaries, including amounts outstanding under committed and uncommitted credit facilities.

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