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Jefferies says around 40% of 5.5% notes tendered by early deadline
Chicago, Oct. 25 – Jefferies Financial Group Inc. announced the early results of its tender offer for any and all of its $750 million of 5.5% senior notes due 2023 (Cusip: 527288BE3), according to a press release.
As of the early participation deadline at 5 p.m. ET on Oct. 22, noteholders tendered $301.6 million of the notes, or 40.2% of the total principal amount.
Previously reported, 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 tendered by the early deadline, 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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