MF Global Ltd. (NYSE: MF) said Thursday it will repay $200 million outstanding on a credit line as part of its ongoing efforts to reduce its debt, according to Associated Press.
After making the early payment, MF Global will still have $300 million outstanding on the revolving credit facility. The line of credit expires in June 2012.
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MF Global is using available cash to make the payment. It has more than $2.3 billion in capital and $3.2 billion of liquidity.
The options and derivatives brokerage firm, based in New York, has reduced its total debt by $1.1 billion since March 2008.
Shares fell a penny to $6.00 in afternoon trading.
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