![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, May 29, 2015 9:56:22 AM
The loan term is 2 years-FXCM MUST pay it off in 2 years.
Under the terms of the loan, however, Leucadia has rights to sell off holdings of Newco (the entire company was rolled into Newco) beginning in 3 years.
These terms give Leucadia rights to approximately $1 Billion of FXCM equity-almost the entire company.
These rights are not tied to loan repayment, obviously. As the right to sell is set to trigger 1 year after the loan must be repaid.
The right to the equity is triggered whenever a sale from Newco is made.
Maybacks Global and Inventel Products To Launch Global 24 Hour Shopping Channel • AHRO • Sep 3, 2024 9:15 AM
UC Asset announces plan of management stock buyback • UCASU • Sep 3, 2024 9:00 AM
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM