Jane Street lifts add-on term B to $310 million, revises issue price

By Sara Rosenberg

New York, Aug. 15 – Jane Street upsized its fungible add-on term loan B due August 2022 to $310 million from $210 million and tightened the issue price to par from 99.875, according to a market source.

Pricing on the add-on term loan B is Libor plus 375 basis points with a 0% Libor floor.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used for general corporate purposes.

Jane Street is a trading firm with offices in New York, London and Hong Kong.

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