11:15 AM EDT, 10/31/2024 (MT Newswires) -- Marex Group ( MRX ) said Thursday it priced a $600 million public offering of 6.404% senior notes due 2029.

The financial services company said the notes will be issued at a price equal to 100% of the principal amount.

The company expects to close the offering on Nov. 4, conditional on customary closing requirements.

Proceeds from the offering will be used for working capital, funding incremental growth and general corporate purposes, according to Marex ( MRX ).

Shares were down 0.5% in recent trading.

Price: 26.43, Change: -0.12, Percent Change: -0.45