Jefferies announces early tally, pricing in tender for 5.5% notes

By Wendy Van Sickle

Columbus, Ohio, Oct. 25 – Jefferies Financial Group Inc. announced the pricing and 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.

The total cash payment per $1,000 principal amount of notes will be $1,079.58, which includes an early tender premium of $2 per $1,000 principal amount to holders who tendered by the early deadline, which was also the withdrawal deadline.

As previously reported, the cash purchase price is based on the 0.125% U.S. Treasury plus a spread of 45 basis points as set at 3 p.m. ET on Oct. 25.

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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