StoneX increases size of credit facility to $475 Million

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/04/StoneX-volumes-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="StoneX" style="float: left; margin-right: 5px;" link_thumbnail="" loading="lazy" srcset="https://www.leaprate.com/wp-content/uploads/2022/04/StoneX-volumes-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/04/StoneX-volumes-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/04/StoneX-volumes-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/04/StoneX-volumes-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/04/StoneX-volumes-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/04/StoneX-volumes-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/04/StoneX-volumes.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>Sean O’Connor, CEO of StoneX, said:</p>
<div><img aria-describedby="caption-attachment-431893" class=" wp-image-431893" src="https://www.leaprate.com/wp-content/uploads/2020/06/Sean-OConnor.jpg" alt="Sean M. O’Connor, StoneX" width="104" height="104" srcset="https://www.leaprate.com/wp-content/uploads/2020/06/Sean-OConnor.jpg 400w, https://www.leaprate.com/wp-content/uploads/2020/06/Sean-OConnor-150×150.jpg 150w, https://www.leaprate.com/wp-content/uploads/2020/06/Sean-OConnor-50×50.jpg 50w, https://www.leaprate.com/wp-content/uploads/2020/06/Sean-OConnor-245×245.jpg 245w" sizes="(max-width: 104px) 100vw, 104px" /><p>Sean O’Connor<br />Source: Twitter</p></div>
<blockquote><p>Through increased support from our existing bank group as well as through a number of key new relationships, we are excited to announce the renewal and expansion of this important credit facility.</p></blockquote>
<blockquote><p>With the support of this expanded group of bank partners, we look forward to continuing to expand our product offerings to our growing client base in the years to come.</p></blockquote>
<p>The credit facility was comprised of revolving credit facility of $236 million and the rest $165 million as a term loan. The extended amount will now be drawn as a part of that credit facility.</p>
<p>The lead arranges were names like Bank of America Merrill Lynch, Bank of Montreal and Capital One. The participants of the credit facility include Signature Bank, CIBC Bank USA, BankUnited N.A, Arvest Bank, Bank of Hope, Barclays Bank PLC and others.</p>
<p><a target="_blank" href="https://www.leaprate.com/tag/stonex/" rel="noopener">StoneX</a> recently posted strong financial results for the <a target="_blank" href="https://www.leaprate.com/forex/brokers/stonex-sees-21-increase-in-fx-and-cfds-revenue-in-q1/" rel="noopener">first quarter of the fiscal year 2022.</a> For the period between October and December 2021, the company saw 55% jump in revenue on yearly basis to $14.3 billion.</p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/brokers/stonex-increases-size-of-credit-facility-to-475-million/">StoneX increases size of credit facility to $475 Million</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>