Knight Capital (KCG) will reportedly receive a $400M financing lifeline from a group of...

|About: KCG Holdings, Inc. (KCG)|By:, SA News Editor

Knight Capital (KCG) will reportedly receive a $400M financing lifeline from a group of investors that includes Blackstone (BX), TD Ameritrade (AMTD), Stifel Nicolas (SF) and Jefferies Group (JEF). The consortium is expected to receive convertible preferred stock with a conversion price of $1.50/share and carry a coupon of 2%, giving it 70-75% of Knight Capital.