Bulletin: Jane Street Group LLC's Announced Debt Raise Remains Consistent With Ratings Expectations

This report does not constitute a rating action. COLUMBIA (S&P Global Ratings) Sept. 29, 2025--S&P Global Ratings expects Jane Street Group LLC's risk-adjusted capital ratio to decline (from 12.1% at the end of June 2025) but remain above 11%--in line with our current ratings expectations--after the company's announced debt raise of about $1.25 billion. Jane Street (BB/Stable/--) announced today its intention to raise about $1.25 billion in debt, about $750 million of which is a term loan upsize and around $500 million is other secured debt. In total, the company has added $8 billion of long-term debt since January 2024 (including today's debt raise), illustrating its fast growth. We view the addition of stable funding resources, coupled with the surge

...September 29, 2025 This report does not constitute a rating action. COLUMBIA (S&P Global Ratings) Sept. 29, 2025--S&P Global Ratings expects Jane Street Group LLC's risk-adjusted capital ratio to decline (from 12.1% at the end of June 2025) but remain above 11%--in line with our current ratings expectations--after the company's announced debt raise of about $1.25 billion. Jane Street (##/Stable/--) announced today its intention to raise about $1.25 billion in debt, about $750 million of which is a term loan upsize and around $500 million is other secured debt. In total, the company has added $8 billion of long-term debt since January 2024 (including today's debt raise), illustrating its fast growth. We view the addition of stable funding resources, coupled with the surge in shareholders' equity, as contributing to Jane Street's improving funding position....

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