Marex Group Prices $600 Million Senior Notes Offering to Fuel Growth

Marex Group plc announces a $600 million Senior Notes offering, strengthening its financial flexibility and supporting growth initiatives.

Marex Group plc (NASDAQ: MRX), a diversified global financial services platform, has announced the successful pricing of a public offering of $600 million in aggregate principal amount of its 6.404% Senior Notes due 2029. So, The company will issue the notes at a public price of 100% of their principal amount, making them its senior unsecured obligations.

The offering will close on or about November 4, 2024, subject to the satisfaction of customary closing conditions. Furthermore, Marex plans to utilize the net proceeds from this offering for working capital, incremental growth, and other general corporate purposes. The firm’s strategy intends to bolster its financial resources, ensuring it remains well-positioned to capitalize on market opportunities.

Marex Group Prices $600 Million Senior Notes Offering to Fuel Growth

Ian Lowitt, CEO of Marex, shared his insights on the significance of this offering: “We are very pleased to announce this successful debt issuance, which will further diversify our funding sources. This liquidity will support the further growth of the franchise and the expanding client base, particularly in clearing. The strong investor interest in these notes reflects the market’s recognition of our prudent capital and liquidity profile, client-driven business model, and competitive position.”

Marex is conducting the offering under its effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). Moreover, the company will issue the notes exclusively through a preliminary prospectus supplement and its accompanying base prospectus, ensuring transparency and regulatory compliance.

Barclays, Goldman Sachs & Co. LLC, and Jefferies represent the joint book-runners and agents for the offering. Their involvement also underscores the strong backing and confidence in Marex’s financial stability and growth trajectory.

As Marex Group plc continues to expand its operations, this capital raise highlights its commitment to enhancing its financial flexibility and signals a strategic approach to supporting its ongoing growth initiatives in the competitive global financial services landscape.

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