Jefferies reports $303.35 million total tenders of 5.5% notes due 2023

By Wendy Van Sickle

Columbus, Ohio, Nov. 9 – Jefferies Financial Group Inc. took in tenders for a total of $303,352,000 by the final deadline 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.

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

The total was up slightly from the $301.6 million of notes, or 40.2% of the total principal amount, that had been tender by the early participation deadline at 5 p.m. ET on Oct. 22.

The total cash payment per $1,000 principal amount of notes was $1,079.58, which included 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.

The cash purchase price was 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.

Final settlement was slated for Nov. 9.

The tender offer was announced on Oct. 8.

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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