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June 13 (Reuters) - Futures and options broker MF Global Ltd (MF.N: Quote, Profile, Research) said it received $450 million of financing from a bank syndicate, marking what it called the final step to pay off a $1.4 billion loan related to its split from hedge fund firm Man Group Plc (EMG.L: Quote, Profile, Research) last July.

The new credit facility matures in two years, MF Global, which did not disclose which banks were part of the syndicate, said. The company expects to complete the refinancing by the end of July.

Last month, MF Global disclosed plans to pay off the loan with $350 million of excess liquidity on a separate credit facility, excess internal capital, and by selling $300 million of equity-linked securities to private equity firm J.C. Flowers & Co.

MF Global, based in Hamilton, Bermuda, also set aside $10 million to cover potential civil penalties over an unauthorized trading incident in February, and two pending investigations before the Commodity Futures Trading Commission.

In May, the company said it set aside $141 million for the unauthorized trading by a broker in the Chicago wheat market. This contributed to an overall fourth-quarter loss.

Shares of MF Global closed at $13.63 Thursday on the New York Stock Exchange. (Reporting by Ratul Ray Chaudhuri in Bangalore; Editing by Pratish Narayanan)