FOR IMMEDIATE RELEASE
MF Global Repays Outstanding Portion of Bridge Facility
NEW YORK, Nov. 24, 2008 – MF Global Ltd. (NYSE: MF), a leading broker of exchange-listed futures and options, today announced that the company has repaid the final portion of a $1.4 billion bridge facility entered into at the time of its initial public offering in July 2007. The $100 million payment is ahead of schedule and marks the final step in the company’s refinancing plan. The next principal payment on long-term debt is due in July 2010.
MF Global generated $66 million in adjusted EBITDA in the second fiscal quarter. The company remains well capitalized with more than $2.8 billion in total capital.
ABOUT MF GLOBAL
MF Global Ltd. (NYSE: MF) is the leading broker of exchange-listed futures and options in the world. It provides independent execution and clearing services for exchange-traded and over-the-counter derivative products as well as for non-derivative foreign exchange products and securities in the cash market. MF Global is uniquely diversified across products, trading markets, customers and regions. Its worldwide client base of more than 138,000 active accounts ranges from financial institutions, industrial groups, hedge funds and other asset managers to professional traders and private/retail clients. MF Global operates in 12 countries on more than 70 exchanges, providing access to the largest and fastest growing financial markets in the world. It is the leader by volume on many of these markets and on a single day averages eight million lots, more than most of the world’s largest derivatives exchanges. For more information, please visit mfglobal.com.
Contacts:
Media Diana DeSocio, 212.589.6282, ddesocio@mfglobal.com
Investors Lisa Kampf, 212.589.6592, lkampf@mfglobal.com