Flow Traders Ltd., a leading global trading firm providing liquidity in multiple asset classes across all major exchanges, closed on a $200 million private credit facility (PCF) and a $75 million revolving credit facility (RCF), co-led by leading global asset managers Benefit Street Partners and Stone Point Credit.

The interest rate on the PCF is SOFR + 500 basis points and would decrease to SOFR + 450 basis points if the trading capital to net debt ratio increases above a certain threshold. The facility has a maturity of six years and is subject to customary terms and conditions. The RCF has the same terms and conditions as the PCF.

The proceeds of the credit facilities will be used primarily for trading capital purposes.

Benefit Street Partners said, “Benefit Street Partners is honored to co-lead this financing and grateful for the partnership. This important capital raise will enable the Flow Traders team to continue executing on their strategy to build one of the world’s leading ETF market makers.”

Stone Point Credit said, “The Flow Traders team has built an impressive business with a demonstrated history of resilience across market cycles. Stone Point Credit is excited to provide debt capital to support the Company’s next stage of growth.”

Thomas Spitz, CEO nominee said, “These new credit facilities will support the growth and diversification agenda of Flow Traders. I am excited that the team was able to execute the deal to help bolster our trading capital base and propel the company onto its next phase of growth.”

Perella Weinberg Partners acted as financial advisor and A&O Shearman as legal advisor for the Company on this transaction. Debevoise & Plimpton acted as legal advisor for Benefit Street Partners and Stone Point Credit.