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NEW YORK - StoneX Group Inc. (NASDAQ:SNEX), a $4.22 billion market cap financial services company trading at $86.48 per share, announced Monday the pricing of $625 million in 6.875% Senior Secured Notes due 2032, to be issued by its wholly-owned subsidiary, StoneX Escrow Issuer LLC. According to InvestingPro data, the company has shown strong momentum with a 29.64% return year-to-date.
The notes, which will pay interest semi-annually, are being offered to qualified institutional buyers under Rule 144A of the Securities Act and to certain non-U.S. persons under Regulation S. The offering is expected to close around July 8, 2025, subject to customary conditions.
Proceeds from the notes will be held in escrow until the closing of StoneX’s proposed acquisition of R.J. O’Brien (RJO). Upon completion of the merger, StoneX Escrow Issuer LLC will merge with StoneX, which will assume obligations under the notes.
StoneX plans to use the proceeds along with cash on hand to fund the RJO acquisition and related expenses. Until the merger closes, the notes will be secured only by the escrowed proceeds.
Following the acquisition, the notes will be guaranteed by StoneX’s subsidiaries that guarantee its senior secured revolving credit facility. The notes and guarantees will be secured by second-priority liens on substantially all company and guarantor assets, subordinated to existing and future first-lien obligations.
StoneX Group operates a global financial services network connecting companies, traders and investors to markets through digital platforms, clearing services and expertise. Trading at a P/E ratio of 14x and with analysts setting a price target of $102, the company serves over 54,000 commercial and institutional clients from more than 80 offices across six continents. For detailed analysis and 12 additional exclusive ProTips about SNEX, visit InvestingPro, where you’ll find comprehensive research reports and expert insights.
This information is based on a press release statement from StoneX Group Inc.
In other recent news, StoneX Group Inc. reported its fiscal second quarter 2025 earnings, with an earnings per share (EPS) of $1.41, surpassing analyst forecasts of $1.34. Despite a revenue shortfall, the company’s net operating revenues increased by 17% year-over-year, reaching $956 million, attributed to strategic acquisitions and enhancements in its technology infrastructure. Jefferies analysts raised StoneX’s price target from $83 to $102, maintaining a Buy rating, following the company’s stronger-than-expected performance in its Commercial and Institutional segments. Additionally, StoneX announced plans to issue $625 million in senior secured notes, with proceeds earmarked for the proposed acquisition of R.J. O’Brien. This acquisition is expected to enhance StoneX’s market position in global derivatives and expand its client base. StoneX also announced its subsidiary will acquire Plantureux et Associés, a Paris-based firm, to strengthen its presence in the European grain market. These developments highlight StoneX’s strategic efforts to bolster growth through acquisitions and financial maneuvers.
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