KCG prepares to launch debt transaction to settle convertible loan notes next week


KCG Holdings, Inc. Class A (NYSE:KCG) announced on Friday that it expects to launch a capital markets debt transaction in the next week, subject to market conditions.

The net proceeds from any offering would be used to repay KCG’s maturing convertible notes and redeem KCG’s existing senior secured notes as well as for general corporate purposes, which may include share repurchases. KCG can provide no assurance that a capital markets debt transaction will occur.

The securities to be offered have not been registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and state securities laws.

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KCG prepares to launch debt transaction to settle convertible loan notes next week

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