INTL Provident Group USA Advises South Street Securities, LLC
NEW YORK, Nov. 15, 2011 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL) today announced that its subsidiary, INTL Provident Group USA, acted as Arranger for South Street Securities LLC, in its completion of a US$40 million syndicate of floating rate notes. South Street Securities LLC, established in 2003 as a single purpose broker-dealer, runs a net $12 billion matched-book portfolio with high-quality counterparties such as banks, REITs and other financial institutions.
Jim Tabacchi, the founder and CEO of SSS's parent, South Street Securities Holdings, Inc., said, "We are thrilled that this refinancing was completed as it will allow SSS to expand into longer-term, higher margin transactions that will be of increasing value to our customers. INTL Provident Group's contribution to the deal was invaluable; their experience and expertise provided us with the tools to get the deal done."
INTL Provident Group USA CEO Steve Carlson said, "It was a privilege to participate in this process with South Street Securities. This transaction provides South Street Securities with term financing to support them in building their customer franchise."
About INTL Provident Group USA
INTL Provident Group USA services middle market firms worldwide, with a sector focus in natural resources, agriculture, financial institutions, power generation and real estate. Their global team of professionals offers a range of services including capital raising, mergers and acquisitions advisory, trade finance and bank loan syndication as well as restructuring and corporate advisory. INTL Provident Group USA is a DBA for INTL Trading, Inc. Member FINRA/SIPC.
About INTL FCStone Inc.
INTL FCStone Inc. provides execution and advisory services in commodities, currencies and international securities. INTL FCStone's businesses, which include the commodities advisory and transaction execution firm FCStone Group, serve more than 10,000 commercial customers in more than 100 countries through our network of offices around the world. Further information on INTL FCStone Inc. is available at www.intlfcstone.com.
CONTACT: INTL FCStone Inc.
Bill Dunaway
866-522-7188
bdunaway@intlassets.com