XML 41 R20.htm IDEA: XBRL DOCUMENT v3.25.3
Credit Facilities
 12 Months Ended
Sep. 30, 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 $1,705.0 million, subject to the terms and conditions for these facilities. The amounts outstanding under these credit facilities carry variable rates of interest, thus approximating fair value. The committed credit facilities have covenant requirements that generally relate to various leverage, debt to net worth, fixed charge, tangible net worth, excess net capital, or profitability measures, as agreed for each. The Company and its subsidiaries were in compliance with all relevant covenants as of September 30, 2025.
Uncommitted Credit Facilities
The Company has access to certain uncommitted financing agreements that support its ordinary course securities and commodities business activities. The agreements are subject to certain borrowing terms and conditions.
Subordinated Credit Facility
The Company’s subsidiary, R.J. O’Brien & Associates, LLC, has a subordinated credit facility which allows it to borrow up to $180.0 million. As of September 30, 2025, the outstanding tranches of borrowings mature at various dates through July 14, 2026. The facility matures in April 2027, at which point no further draws can be made. The subordinated credit facility complies with the applicable regulatory requirements, and the borrowings are available for computing net capital under the CFTC’s net capital rule for R.J. O’Brien & Associates, LLC.
Notes Payable to Bank
The Company has a note payable to bank related to financing 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.
On June 17, 2024, the Company used part of the proceeds from its Notes due 2031 to extinguish its 8.625% Senior Secured Notes due 2025 (the “Notes due 2025”) when $363.0 million that the Company had previously deposited into an irrevocable trust as part of an in-substance defeasance was remitted to the note holders to redeem the notes and pay interest due up to that date.
In accordance with ASC 470-50 “Debt - Modifications and Extinguishments”, the transactions noted above were determined to be an extinguishment of the Notes due 2025 and an issuance of new debt. As a result, the Company recorded a loss on the extinguishment of debt in the amount of $3.7 million included in Interest expense on corporate funding on the Consolidated Income Statements for the year ended September 30, 2024, of which $2.4 million represented the write off of deferred financing costs and $1.3 million represented the write off of original issue discount.
On July 8, 2025, the Company issued $625 million in aggregate principal amount of its 6.875% Notes due 2032, in connection with the acquisition of R.J. O’Brien, at the offering price of 100% of the aggregate principal amount. The Notes due 2032 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 $10.5 million, which are being amortized over the term of the Notes due 2032 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):
Amounts Outstanding
BorrowerSecurity Renewal or
Expiration
Date		Interest Rate at September 30, 2025Total CommitmentSeptember 30, 2025September 30,
2024
Committed Credit Facilities
Senior StoneX Group Inc. Committed Credit Facility(1)June 3, 2028
Base rate - 8.25%
SOFR - 6.23%
650.0 317.0 (5)161.0 
StoneX Financial Inc.NoneOctober 27, 20269.25 %325.0 (9)— (5)— 
R.J. O’Brien & Associates, LLC subordinatedNoneApril 30, 20278.36 %180.0 110.8 (5)— 
R.J. O’Brien LimitedNoneJanuary 23, 20267.25 %20.0 — (5)— 
StoneX Commodity Solutions LLCCertain assetsJuly 29, 2026
Base rate - 8.5%
SOFR - 6.64%
325.0 104.0 (5)66.0 
Right Company LLCCertain assetsOctober 1, 20266.50 %15.0 (8)— (5)— 
StoneX Financial LtdNoneOctober 6, 20266.75 %175.0 (7)90.0 (5)— 
StoneX Financial Pte. Ltd.NoneSeptember 4, 20266.74 %15.0 (6)— (5)— 
$1,705.0 $621.8 $227.0 
Uncommitted Credit FacilitiesVariousVariousVarious153.9 (5)104.9 
Notes payable to bankCertain equipmentDecember 1, 2025
Index rate plus 2.35%
6.3 (5)6.9 
Senior Secured Notes due 2031(2)March 1, 20317.875 %544.1 (3)543.1 
Senior Secured Notes due 2032(2)July 15, 20326.875 %614.9 (4)— 
Total outstanding borrowings$1,941.0 $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 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) Included in Senior secured borrowings, net on the Consolidated Balance Sheets. Amounts outstanding under the Notes due 2031 are reported net of unamortized deferred financing costs of $5.9 million.
(4) Included in Senior secured borrowings, net on the Consolidated Balance Sheets. Amounts outstanding under the Notes due 2032 are reported net of unamortized deferred financing costs of $10.1 million.
(5) Included in Lenders under loans on the Consolidated Balance Sheets.
(6) The facility was amended on October 2, 2025 to extend the maturity date to September 4, 2026.
(7) The facility was amended on October 6, 2025 to extend the maturity date to October 6, 2026, and to increase the amount available from $115.0 million to $175.0 million.
(8) The facility was entered into on October 10, 2025, establishing a $15.0 million commitment with a maturity date of October 1, 2026.
(9) The facility was amended on October 28, 2025 to extend the maturity date to October 27, 2026, and to increase the amount available from $250.0 million to $325.0 million.
As reflected above, certain of the Company’s committed credit facilities are scheduled to expire during the upcoming fiscal year. The Company intends to renew or replace all of its facilities as they expire over time, and based on the Company’s liquidity position and capital structure, the Company believes it will be able to do so.