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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (62720)6/13/2006 7:45:48 PM
From: Perspective  Read Replies (3) | Respond to of 110194
 
To any IB customers out there: WTF is this?!?



Dear Customer:

As we advised in our June 2, 2006 e-mail announcing our current offering of Interactive Brokers Group LLC ("IB Group") Notes, on May 19, 2006 IB Group entered into a senior secured credit facility with a consortium of banks. To date, IB Group has drawn $150,000,000 under this credit facility. The terms of the facility are described below as well as on pages 29 - 30 of a Supplemental Private Offering Memorandum that is currently available on our Private Placement Site.

If you wish to cancel your subscription for IB Group Notes for the current offering after reading the description of the above-referenced credit facility, you may do so without penalty by logging in to our Private Placement Site and, on the page that appears, click on the link (in red font) that reads "Click here to view your subscriptions for this issue". On the next page that appears, you will see a paragraph that reads "To cancel your subscription requests click here" -- just click on the words "click here" that appear in red font and, on the next page click "Confirm Cancellation".

Sincerely,

Interactive Brokers LLC



Are they in trouble on some hedge fund loans? Lining up money to speculate in futures or something? I don't like the smell of it at all.

BC