Citadel Securities Markets $4.25 Billion Loan to Recast Debt Due 2033

1 articles · Updated · Bloomberg · Jun 1

$4.25 billion is the size of the new loan Citadel Securities is marketing, replacing roughly $4 billion of existing debt with financing maturing in 2033.
The deal is pitched at an initial spread of 2 percentage points over the benchmark and priced at 99.5 to 99.75 cents on the dollar.
Citadel is pursuing the refinancing after reporting record trading revenue, giving it a chance to lower borrowing costs and push out maturities.
The move fits a broader wave of companies using favorable credit conditions to refinance debt more cheaply or extend repayment timelines.

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