GAIN announces exercise of full over-allotment option for convertible senior notes due 2022

FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) announced today that, in connection with GAIN Capital’s private offering of 5.00% Convertible Senior Notes due 2022, the initial purchasers have exercised in full their option to purchase an additional $12.0 million in aggregate principal amount of the notes.

The full exercise of the option to purchase additional notes brings the aggregate principal amount of the notes sold in the offering to $92.0 million. The offering is expected to close on August 22, 2017, subject to customary closing conditions.

GAIN Capital expects that the net proceeds from the offering of notes, including the notes sold pursuant to the initial purchasers’ option to purchase additional notes, will be approximately $89.0 million, after deducting discounts to the initial purchasers but prior to taking into account any estimated offering expenses payable by GAIN Capital.


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