FXCM Pays Addl $54 Mln Owed To Leucadia

(RTTNews) - FXCM Inc. (FXCM), online provider of foreign exchange or FX trading and related services, said that it has repaid an additional $54 million outstanding under its credit agreement with Leucadia.

The payment was funded in part with proceeds from the sale of FXCM Japan. FXCM has now repaid $66 million under the credit agreement, and as of April 1, 2015, FXCM's outstanding Leucadia loan balance is $244 million.

By repaying more than $60 million before April 16, 2015, FXCM said it has avoided a contingent financing fee of $30 million, and FXCM shareholders stand to benefit from an improved sharing determination of proceeds from future asset sales, dividends and distributions pursuant to the terms of the credit agreement.

FXCM anticipates making an additional repayment of approximately $12 million towards the credit facility in the coming weeks.