KCG solicits consents to amend 8¼% senior secured notes due 2018

By Susanna Moon

Chicago, May 14 - KCG Holdings, Inc. began a consent solicitation to amend its outstanding 8¼% senior secured notes due 2018, according to an 8-K filing with the Securities and Exchange Commission.

The company is seeking holders' consent to the amend the notes to postpone the deadline to June 30, 2015 from June 5, 2014 to file a registration statement with the SEC for an offer to exchange the notes for a new series of notes.

KCG also is seeking to postpone the deadline by which the company must file a shelf registration statement with the SEC to cover certain resales of the notes to the postponed registration deadline.

The consent payment will be $3.75 for each $1,000 principal amount.

The company must secure consents from holders of at least a majority of the outstanding notes. Holders must be of record as of 5 p.m. ET on May 13.

The consent solicitation will end at 5 p.m. ET on May 29.

The notes were issued on June 5, 2013 by the company's predecessor, Getco Financing Escrow LLC.

The company executed a supplemental indenture to the notes indenture to assume all of the obligations of Getco Escrow on July 1, 2013.

Ipreo LLC (attn: Aaron Dougherty, 888 593-9546, 212 849-3880 collect or by email consent@ipreo.com) is the information and tabulation agent. Jefferies LLC (attn: Justin Polselli, 888 708-5831 or 203 363-8273 collect) is the solicitation agent.

KCG is a Jersey City-based financial services firm.

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