Jane Street to launch $600 million equivalent term loan B this week

By Sara Rosenberg

New York, July 25 – Jane Street is scheduled to hold a bank meeting in New York on Wednesday and a bank meeting in London on Thursday to launch a $600 million equivalent U.S. and euro term loan B due August 2022, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Price talk on the term loan is Libor/Euribor plus 425 basis points to 450 bps with a 0% floor and an original issue discount of 99.5, the source said.

Proceeds will be used to refinance existing debt and for general corporate purposes.

Jane Street is a trading firm with offices in New York, London and Hong Kong.

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