Jane Street Group LLC Senior Secured Notes Rated 'BB'

NEW YORK (S&P Global Ratings) Aug. 11, 2026--S&P Global Ratings today assigned its 'BB' issue rating to Jane Street Group LLC 's announced issuance of $14.6 billion in senior secured notes (with laddered maturities across 2031, 2033, and 2036). We expect that Jane Street will use the proceeds to retire the outstanding $11.1 billion of long-term borrowings consisting of its term loan and senior secured notes. It'll use incremental proceeds for general corporate purposes, including as additional trading capital to support the continued expansion of its trading operations. While we continue to believe that the firm's growth focus increases risk (particularly market risk and operational risk), we recognize Jane Street?s track record of strong profitability and the increased scale and

...August 11, 2026 NEW YORK (S&P Global Ratings) Aug. 11, 2026--S&P Global Ratings today assigned its '##' issue rating to Jane Street Group LLC's announced issuance of $14.6 billion in senior secured notes (with laddered maturities across 2031, 2033, and 2036). We expect that Jane Street will use the proceeds to retire the outstanding $11.1 billion of long- term borrowings consisting of its term loan and senior secured notes. It'll use incremental proceeds for general corporate purposes, including as additional trading capital to support the continued expansion of its trading operations. While we continue to believe that the firm's growth focus increases risk (particularly market risk and operational risk), we recognize Jane Street's track record of strong profitability and the increased scale and scope of its trading franchise. In addition, we expect Jane Street's capitalization to remain a strength based on the expected growth in equity from retention of earnings. The additional stable...

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