Diversified global financial services platform Marex Group plc (NASDAQ:MRX) today announced the pricing of a public offering of $600 million aggregate principal amount of its 6.404% Senior Notes due 2029.

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.

The Offering is expected to close on or about November 4, 2024, subject to the satisfaction of customary closing conditions. Marex intends to use the net proceeds from the Offering for working capital, to fund incremental growth and for other general corporate purposes.

Ian Lowitt, CEO of Marex, commented:

“We are very pleased 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.”

Barclays, Goldman Sachs & Co. LLC and Jefferies are acting as representatives of the joint book-runners and agents for the Offering.

The Offering is being made pursuant to Marex’s existing effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). The Offering will be made only by means of a preliminary prospectus supplement and its accompanying base prospectus.