Bulletin: Jane Street Group Inc.'s Announced Term Loan Upsize Remains Consistent With Ratings Expectations

NEW YORK (S&P Global Ratings) Jan. 8, 2024--S&P Global Ratings said today that it expects Jane Street Group Inc.'s capital to remain sufficient to maintain an S&P Global Ratings risk-adjusted capital ratio above 13%, in line with our current ratings expectations, after Jane Street's announced upsizing. Jane Street announced this morning its intention to upsize its first-lien term loan B (maturing in January 2028) by at least $300 million. This will add to already more than $3 billion of medium- and long-term debt. We expect the company to use the proceeds to further expand trading capital and support liquidity as Jane Street continues expanding its trading operations. Although using the additional trading capital will increase market risk and credit risk

...January 8, 2024 NEW YORK (S&P Global Ratings) Jan. 8, 2024--S&P Global Ratings said today that it expects Jane Street Group Inc.'s capital to remain sufficient to maintain an S&P Global Ratings risk-adjusted capital ratio above 13%, in line with our current ratings expectations, after Jane Street's announced upsizing. Jane Street announced this morning its intention to upsize its first-lien term loan B (maturing in January 2028) by at least $300 million. This will add to already more than $3 billion of medium- and long-term debt. We expect the company to use the proceeds to further expand trading capital and support liquidity as Jane Street continues expanding its trading operations. Although using the additional trading capital will increase market risk and credit risk exposures, we believe the additions remain commensurate with our ratings expectations for Jane Street....

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