New Issue: Jefferies Finance prices upsized $600 million 7 3/8% seven-year notes at par

By Paul A. Harris

Portland, Ore., March 19 - Jefferies Finance LLC and JFIN Co-Issuer Corp. priced an upsized $600 million issue of seven-year senior notes (B1/B+/) at par to yield 7 3/8% on Tuesday, according to an informed source.

The yield printed 12.5 basis points beneath the low end of the 7½% to 7¾% yield talk.

Jefferies LLC was the bookrunner for the deal, which was upsized from $500 million.

The New York-based commercial financial services company plans to use the proceeds for general corporate purposes.

Issuers:	Jefferies Finance LLC and JFIN Co-Issuer Corp.
Amount:	$600 million, increased from $500 million
Maturity:	April 1, 2020
Securities:	Senior notes
Bookrunner:	Jefferies LLC
Coupon:	7 3/8%
Price:	Par
Yield:	7 3/8%
Call features:	Make-whole call at Treasuries plus 50 bps until April 1, 2016, then callable at 105.531, 103.688, 101.844, par on and after April 1, 2019
Equity clawback:	35% at 107.375 until April 1, 2016
Change-of-control put:	101%
Trade date:	March 19
Settlement date:	March 26
Ratings:	Moody's: B1
	Standard & Poor's: B+
Distribution:	Rule 144A for life
Price talk:	7½% to 7¾%
Marketing:	Roadshow

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