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IG Group refinances debt to target growth

By Reuters

LONDON – Online trading platform IG Group said on Friday it had completed a comprehensive refiancing of its debt, providing it with additional financial flexibility to grow.

IG’s total available credit facilities have increased from 375 million pounds ($501.53 million) to 600 million pounds with the potential to rise to 700 million, the company said.

IG said it had issued 300 million pounds of unsecured bonds, due in 2028, and agreed a 300 million pound revolving credit facilitiy that could be increased to 400 million pounds subject to bank approval.