MF Global to repay $240 million unsecured term loan

By Sara Rosenberg

New York, April 13 - MF Global Ltd. is planning on repaying its entire $240 million unsecured term loan on or before April 22, according to a news release.

The repayment will be funded from available cash, which was recently increased by $250 million from excess regulatory capital distributed to the company by one of its regulated subsidiaries.

MF Global is a Hamilton, Bermuda-based intermediary offering customized services in global cash, derivatives and related markets.

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