Key Developments: GFI Group Inc (GFIG.N)
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Latest Key Developments (Source: Significant Developments)
GFI Group Inc Declares Dividend
GFI Group Inc announced that it has declared a quarterly cash dividend of $0.05 per share payable on May 31, 2013 to shareholders of record as of May 17, 2013. Full Article
GFI Group Inc Appoints Colin Heffron As CEO
GFI Group Inc announced that Colin Heffron was appointed as the Company's Chief Executive Officer, effective February 14, 2013. Mr. Heffron will report to GFI's Board of Directors and be responsible for the overall management of GFI's business. Mr. Heffron had been GFI's President since 2004. Michael Gooch, will continue to serve as Executive Chairman of the Board and will remain active in setting the strategic direction of the business. Full Article
GFI Group Inc Announces Accelerated Fourth Quarter Dividend of $0.05 Per Share
GFI Group Inc announced that the Company's Board of Directors has declared an accelerated fourth quarter 2012 dividend of $0.05 per common share. The accelerated dividend will be payable on December 27, 2012 to shareholders of record as of the close of business on December 17 , 2012. Full Article
GFI Group Inc Declares Quarterly Cash Dividend
GFI Group Inc announced that the Board of Directors of GFI has declared a quarterly cash dividend of $0.05 per share payable on November 30, 2012 to shareholders of record as of November 15, 2012. Full Article
GFI Group Inc. Declares Quarterly Cash Dividend
GFI Group Inc. announced that it has declared a quarterly cash dividend of $0.05 per share payable on August 31, 2012 to shareholders of record as of August 17, 2012. Full Article
GFI Group Inc. Declares Quarterly Cash Dividend
GFI Group Inc. announced that the Board of Directors of the Company have declared a quarterly cash dividend of $0.05 per share payable on May 31, 2012, to shareholders of record as of May 15, 2012. Full Article
GFI Group Inc. Declares Quarterly Dividend
GFI Group Inc. announced that it has declared a quarterly cash dividend of $0.05 per share payable on March 30, 2012 to shareholders of record on March 15, 2012. Full Article
GFI Group Inc. Declares Quarterly Cash Dividend
GFI Group Inc. announced that its Board of Directors have declared a quarterly cash dividend of $0.05 per share payable on November 30, 2011 to shareholders of record on November 15, 2011. Full Article
GFI Group Inc. Declares Quarterly Dividend
GFI Group Inc. announced that its Board of Directors have declared a quarterly cash dividend of $0.05 per share payable on August 31, 2011 to shareholders of record on August 17, 2011. Full Article
GFI Group Inc. Prices $250 Million Of 8.375% Senior Notes Due 2018
GFI Group Inc. announced that it has agreed to sell $250 million aggregate principal amount of 8.375% Senior Notes due 2018 in a private offering to qualified institutional buyers pursuant to Rule 144A and to certain persons in offshore transactions pursuant to Regulation S, each under the Securities Act of 1933, as amended (the Securities Act). The notes were priced to investors at 100% of their principal amount. The offering of the Notes is expected to close on July 19, 2011, subject to customary closing conditions. The Notes will mature on July 19, 2018 and will be senior unsecured obligations of GFI Group Inc. Interest on the Notes will be payable semi-annually on January 19th and July 19th of each year, commencing on January 19, 2012. GFI Group intends to use a portion of the net proceeds from the offering of the Notes to repay all outstanding amounts, including accrued and unpaid interest, under its existing credit agreement, to redeem all of its existing senior secured notes due January 30, 2013, including all accrued and unpaid interest thereunder, and to pay all premiums and transaction expenses associated therewith. Full Article
TEXT - S&P cuts GFI Group Inc
Overview -- GFI Group Inc.'s lower GAAP profits and weaker debt service coverage trends in 2012, in our calculations, are likely to persist into 2013, resulting in lower debt coverage ratios. -- As a result, we lowered our issuer credit and senior unsecured ratings on GFI to 'BB-' from 'BB+'. The outlook on the issuer credit rating remains negative. -- The negative outlook reflects our view that GFI will have difficulties improving its credit measures in competitive and slow
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