Marex Group has announced the pricing of a public offering amounting to $600 million of its 6.404% Senior Notes due 2029. The Notes will be at a price equal to 100.000% of their principal amount, representing Marex’s senior unsecured obligations.

The offering is going to close on or around November 4, 2024, pending the fulfillment of customary closing conditions. Marex plans to utilize the net proceeds from this offering for working capital, to support incremental growth, and for other general corporate purposes.

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

Ian Lowitt, CEO of Marex, expressed his satisfaction with the debt issuance. He stated, “We are very happy to announce this successful debt issuance, which will further diversify our sources of funding. This liquidity will be used to support further growth of our franchise and our growing client base, particularly in clearing. The very strong investor interest for these notes reflects the market’s recognition of our prudent capital and liquidity profile, client-driven business model, and our competitive position.” He emphasized that the strong interest from investors highlights the market’s acknowledgment of Marex’s prudent capital and liquidity profile, client-driven business model, and competitive positioning.

The offering is under the management of a team of financial experts, with Barclays, Goldman Sachs & Co. LLC, and Jefferies acting as representatives of the joint book-runners and agents for the offering. This issuance falls under Marex’s existing effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC), and it will be only through a preliminary prospectus supplement and its accompanying base prospectus.

With this strategic move, Marex Group plc aims to enhance its financial flexibility and further its commitment to delivering value to its clients and shareholders.

Marex Group plc’s successful pricing of the $600 million Senior Notes offering marks a significant step in strengthening its financial position and expanding its operational capabilities. By diversifying its funding sources and securing favorable investor interest, Marex is ready to support its growth strategy and enhance its service offerings, particularly in the clearing sector.

As the offering progresses toward its anticipated closing, Marex remains focused on leveraging these resources to drive further value and success in the marketplace.

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