Global Brokerage Inc. (GLBR)

[RichDude]

Maybe YOU should have read the entire agreement. ;)

The net proceeds of the loan (approximately $279 million) will ...REPLACE... capital in FXCM regulated entities to cover negative client balances and pay down outstanding revolving debt. In connection with the credit agreement, Holdings formed Newco and contributed all of the equity interests owned by Holdings in its subsidiaries to Newco.

That would be $279M!