...NEW YORK (S&P Global Ratings) Feb. 12, 2018--S&P Global Ratings today said the repricing of Jefferies Finance LLC's $250 million senior secured term loan has no impact on our rating on the company. The company is exercising its right to refinance the loan at a lower rate with no change in the amount outstanding as the call protection on the loan has expired. Our B+ long-term issuer credit rating on Jefferies Finance continues to reflect its concentration in leveraged lending and the market and credit risks associated with that strategy as well as the company's good track record and position as one of the largest U.S. syndicated loan originators. We also note the company's strong performance in 2017 on the back of favorable conditions in the loan syndication market and perhaps some increase in market share. The Company has reduced its leverage ratio to approximately 5x, which remains within our expectations for the rating. Only a rating committee may determine a rating action and this report...
