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GFI secures funds for liquidity and capital requirements

GFI Group the software, brokerage and data services provider, has obtained a new $50m (€49.37m) multicurrency credit facility to enable it to continue providing liquidity for institutional customers and assist it in meeting its growing clearing and regulatory capital requirements.

The package comprises a $30m revolving credit facility and a $20m term loan. Barclays Capital coordinated the facility with funding provided by a syndicate including Barclays Bank in London, and Bank of America and Brown Brothers Harriman in New York.

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