Replies to post #14470 on Global Brokerage Inc. (GLBR)

[investing102]

Yeah they specifically said more than a quarter will be paid back by the deadline in April

[Crusen]

Specific to you, and this issue. The answer was always there, but it sounds better in the words of Drew Niv, FXCM CEO:

What happens after 90 days according to your agreement with Leucadia?

The agreement says we need to pay back $50 million of the loan along with $10 million in fees in 90 days. If we don’t pay that $60 million, we will be assessed an additional $30 million in fees when the loan is due in 2017. So we are going to pay our $60 million and hopefully more in 90 days and then go from there. To be clear, the financing does not force us to do anything at 90 days.
- See more at: http://forexmagnates.com/exclusive-fxcm-inc-ceo-drew-niv-discusses-firms-future-after-the-chf-crisis/#sthash.z3HTMjTh.dpuf