Jefferies Group enters into $950 million revolver for Jefferies Bache

By Aleesia Forni

Columbus, Ohio, Aug. 26 - Jefferies Group, Inc. entered into a new $950 million secured revolving credit facility, according to a company press release.

Borrowers under the facility include Jefferies Bache, LLC, Jefferies Bache Ltd. and Jefferies Bache Financial Services Inc.

The facility will help support operations of Jefferies' futures and commodities platform, Jefferies Bache.

This facility replaces a short-term loan used to acquire Jefferies Bache.

Jefferies is a New York-based investment banking and securities firm.

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