Fitch assigns BB+ to Jane Street notes

Fitch Ratings said it assigned an expected BB+ rating to co-issuers' Jane Street Group, LLC's and JSG Finance, Inc., planned sale of at least $1.25 billion in senior secured notes due April 2031. The fixed rate of interest will be determined at the time of issuance.

“The expected rating on the new senior secured notes is equalized with the ratings assigned to existing senior secured debt as the new notes will rank equally in the capital structure,” Fitch said in a press release.

The proceeds are expected to be used for general corporate purposes.

The outlook is stable.

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