KCG Holdings (KCG) Swings to Q2 GAAP Loss
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KCG Announces Second Quarter 2015 Results
July 31, 2015 7:00 AM EDTJERSEY CITY, N.J., July 31, 2015 /PRNewswire/ -- KCG Holdings, Inc. (NYSE: KCG) today reported a GAAP net loss of $19.2 million, or $0.18 per share, for the second quarter of 2015. Included in the $57.1 million pre-tax loss is an accelerated compensation expense of $28.8 million as a result of stockholder-approved changes made to the vesting provisions of outstanding annual equity awards; debt extinguishment charges comprising a debt "make-whole" premium and  a writedown of capitalized debt costs of $16.5 million and $8.5 million, respectively, as a result of the early redemption of the $305 million 8.25% Senior Secured Notes;... More
