Jefferies Financial tenders for $750 million 5.5% notes due 2023

By Wendy Van Sickle

Columbus, Ohio, Oct. 8 – Jefferies Financial Group Inc. began a tender offer for any and all of its $750 million of 5.5% senior notes due 2023 (Cusip: 527288BE3), according to a press release.

The company is offering a cash purchase price that will be based on the 0.125% U.S. Treasury plus a spread of 45 basis points and will be set at 3 p.m. ET on Oct. 25.

The company is also offering an early tender premium of $2 per $1,000 principal amount to holders who tender by the early deadline, 5 p.m. ET on Oct. 22, which is also the withdrawal deadline.

The offer will expire at 11:59 p.m. ET on Nov. 5.

Early settlement is expected on Oct. 26 and final settlement on Nov. 9.

D.F. King & Co., Inc. (800 290-6426 or jefferies@dfking.com) is the tender agent and information agent.

Jefferies LLC is the dealer manager.

Jefferies is a New York-based investment bank and financial services company.

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