Published on: Tuesday, 04 March 2025 ● 2 Min Read
CHARLOTTE, N.C.--(BUSINESS WIRE)--Millennium Advisors, LLC, the wholly owned lead operating entity of Millennium Consolidated Holdings, LLC (MCH), has announced the successful completion of MCH’s latest financing initiative, securing a total of $52.5 million in senior debt through a 5-year non-call 2 note, at a coupon of 8.375%.
This financing underpins Millennium’s commitment to strategic growth and operational efficiency. The firm will retire its existing 2025 notes ahead of schedule and strategically deploy proceeds across the business to enhance market opportunities and drive long-term value creation.
“We have been driving growth in the last few years via global expansion, acquiring new clients and by launching our market making capabilities in new asset classes. We will focus on optimal new capital deployment to generate maximum returns for our historical franchises as well as our new businesses. We are thrilled to welcome a slate of new and returning investors who are validating the strength of our business model,” said Jeremy Abig, Millennium Advisors’ CFO.
The issuing entity, MCH, has a senior unsecured debt rating of BBB- and Stable Outlook from Kroll Bond Rating Agency, LLC (KBRA). KBRA noted Millennium’s management team's proven track record and highly focused and optimized business model in affirming the company’s Investment Grade senior unsecured debt rating.
With this latest financing, Millennium continues to position itself as a leader in the fixed income financial markets, leveraging its resources to drive innovation, strengthen client relationships, and expand its market presence.
Founded in 2009, and with offices in Charlotte, London and Singapore, Millennium is a technology-driven proprietary trading firm. The firm remains 100% employee owned.
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