MF Global to pay down $200 million of revolver debt with cash on hand

By Sara Rosenberg

New York, Dec. 10 - MF Global Ltd. plans to repay $200 million of revolving credit facility borrowings using available cash, according to a news release.

Following the repayment, there will be $300 million outstanding under the revolver.

"We continue to optimize our capital structure, including efforts to extend maturities, buyback certain instruments and also reduce the total amount of debt on our balance sheet," said Randy MacDonald, chief financial officer, in the release.

"As we move forward, we remain committed to our principles of capital management, which include maintaining flexibility, staggering debt maturities, pursuing reasonable pricing and reducing overall debt levels," MacDonald added.

MF Global is a New York-based intermediary offering customized solutions in cash, derivatives and related markets.

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