Replies to post #15165 on Global Brokerage Inc. (GLBR)

[Green2013]

Well as per that:

1) LUC gets a percentage of divs not All as you previously stated.

2) Newco is a new entity formed as collateral for the loan. Once the loan is paid in full all the assets are transferred back to the original entity. Keep scrolling until you get to 7.15 pasted bellow.

7.15 Termination . At such time as the Secured Obligations shall have been Paid in Full, the Collateral shall be released from the security interest created hereby, and this Security Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and the Debtors hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Debtor. At the request and sole expense of the Debtors following any such termination, the Administrative Agent shall deliver to the Debtors any Collateral held by the Administrative Agent hereunder, and execute and deliver to the Debtors such documents as the Debtors shall reasonably request to evidence such termination

[naturalborninvestor]

They are talking about dividends that newco would receive, not dividends that are paid out to shareholders of FXCM. Of the former, leucadia is entitled to a percentage distribution.