The offer, which will remain open for a period of twenty business days following its commencement, is being made to satisfy the company's obligation under Section 4.20 of the Indenture dated as of June 11, 2020 by and among StoneX, the guarantors party thereto and The Bank of New York Mellon, as Trustee. Let's recall that, on June 11, 2020, StoneX, which back then was known as INTL FCStone Inc, completed the issuance and sale of $350 million in aggregate principal amount of its 8.625% Senior Secured Notes due 2025. The Notes were issued at the offering price of 98.5% of the aggregate principal amount thereof. The Notes were issued pursuant to an Indenture, dated June 11, 2020, by and among the company, the guarantors party thereto from time to time and The Bank of New York Mellon, as trustee and collateral agent.