Marex Group plc Announces Pricing of U.S.$600 Million Senior Notes Offering

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NEW YORK, Oct.31, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ:MRX) ("Marex"), the diversified global financial services platform, announced the pricing on October 30, 2024 of a public offering (the "Offering") of U.S.$600 million aggregate principal amount of its 6.404% Senior Notes due 2029 (the "Notes").

Marex intends to use the net proceeds from the Offering for working capital, to fund incremental growth and for other general corporate purposes.

The Notes will be issued at a price to the public equal to 100.000% of the principal amount thereof and will be senior unsecured obligations of Marex.

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Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United StatesUkraine

Topics: MRX Press Releases IPOs News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 13:00:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 990 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23431371

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