Shearman And Sterling

News July 03, 2019

Jefferies Finance’s $1.025 Billion Credit Facilities and $400 Million Senior Secured Notes Offering

Shearman & Sterling advised Jefferies Finance LLC (“Jefferies Finance”) and JFIN Co-Issuer Corporation (together with Jefferies Finance, the “Issuers”) in connection with their Rule 144A offering of $400 million aggregate principal amount of 6.250% senior secured notes due 2026. Concurrently with the notes offering, Shearman & Sterling also advised the Issuers on the refinancing of their existing senior secured term loan with a new $750 million senior secured term loan and entry into a $275 million senior secured revolving credit facility. Concurrently with closing of the notes offering, the Issuers redeemed their 7.375% senior notes due 2020, 7.500% senior notes due 2021 and 6.875% senior notes due 2022.

Jefferies Finance is a commercial finance company that structures, underwrites and syndicates primarily senior secured loans to corporate borrowers. Since its inception in 2004, Jefferies Finance has served as lead arranger of over 950 transactions representing over $195 billion in arranged volume.

The Team