v3.25.1
Credit Facilities
 6 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Credit Facilities Credit Facilities
Committed Credit Facilities
The Company and its subsidiaries have committed credit facilities under which they may borrow up to $1,205.0 million, subject to the terms and conditions of these facilities. The amounts outstanding under these credit facilities carry variable rates of interest, thus approximating fair value. The committed credit facilities generally have covenant requirements that relate to various leverage, debt to net worth, fixed charge, tangible net worth, excess net capital, or profitability measures. The Company and its subsidiaries were in compliance with all relevant covenants as of March 31, 2025.
Uncommitted Credit Facilities
The Company has access to certain uncommitted financing agreements that support its ordinary course securities and commodities inventories. The agreements are subject to certain borrowing terms and conditions.
Note Payable to Bank
The Company has a note payable to a commercial bank related to the financing of certain equipment which secures the note.
Senior Secured Notes
On March 1, 2024, the Company issued $550 million in aggregate principal amount of its 7.875% Notes due 2031 at the offering price of 100% of the aggregate principal amount. The Notes due 2031 are fully and unconditionally guaranteed, jointly and severally, on a senior secured second lien basis by each of the Company’s existing and future subsidiaries that guarantee indebtedness under the Company’s senior secured revolving credit facility and certain other senior indebtedness. Interest related to these notes is payable twice annually, in arrears. The Company incurred debt issuance costs of $7.6 million, which are being amortized over the term of the Notes due 2031 under the effective interest method.
The following table sets forth a listing of credit facilities, the current committed amounts as of the report date on the facilities, and outstanding (in millions, except for percentages):
(in millions)Amounts Outstanding
BorrowerSecurity Renewal/Expiration DateTotal CommitmentMarch 31, 2025September 30,
2024
Committed Credit Facilities
Senior StoneX Group Inc. Committed Credit Facility - Revolving Line of Credit(1)April 21, 2026$500.0 $50.0 (5)$161.0 
StoneX Financial Inc. NoneOctober 28, 2025250.0 20.0 (5)— 
StoneX Commodity Solutions LLCCertain assetsJuly 29, 2025325.0 117.0 (5)66.0 
StoneX Financial Ltd. NoneOctober 9, 2025115.0 50.0 (5)— 
StoneX Financial Pte. Ltd.NoneSeptember 5, 202515.0 — (5)— 
$1,205.0 $237.0 $227.0 
Uncommitted Credit FacilitiesVarious97.2 (5)104.9 
Note Payable to BankCertain equipment6.7 (5)6.9 
Senior Secured Notes due 2031(2)543.6 (4)543.1 
Total outstanding borrowings$884.5 $881.9 
(1) The StoneX Group Inc. senior committed credit facility is a revolving facility secured by substantially all of the assets of StoneX Group Inc. and certain subsidiaries identified in the credit facility agreement as obligors, and pledged equity of certain subsidiaries identified in the credit facility as limited guarantors.
(2) The Notes due 2031 and the related guarantees are secured by liens on substantially all of the Company’s and the guarantors’ assets, subject to certain customary and other exceptions and permitted liens. The liens on the assets that secure the Notes and the related guarantees are contractually subordinated to the liens on the assets that secure the Company’s and the guarantors’ existing and future first lien secured indebtedness, including indebtedness under the Company’s senior committed credit facility.
(3) Amounts outstanding under the Notes due 2031 are reported net of unamortized deferred financing costs of $6.4 million and $6.9 million, in the respective periods presented.
(4) Included in Senior secured borrowings, net on the Condensed Consolidated Balance Sheets.
(5) Included in Payables to Lenders under loans on the Condensed Consolidated Balance Sheets.
As reflected above, certain of the Company’s committed credit facilities are scheduled to expire during the next twelve months following the quarterly period ended March 31, 2025. The Company intends to renew or replace these facilities as they expire, and based on the Company’s liquidity position and capital structure, the Company believes it will be able to do so.