Research Update: Jefferies Finance LLC Ratings Affirmed, Senior Secured Loan Rated 'B+', Senior Notes 'B'; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Jefferies Finance LLC Ratings Affirmed, Senior Secured Loan Rated 'B+', Senior Notes 'B'; Outlook Stable

Research Update: Jefferies Finance LLC Ratings Affirmed, Senior Secured Loan Rated 'B+', Senior Notes 'B'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Jefferies Finance LLC Ratings Affirmed, Senior Secured Loan Rated 'B+', Senior Notes 'B'; Outlook Stable
Published Jul 14, 2017
6 pages (1972 words) — Published Jul 14, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

U.S.-based commercial lender Jefferies Finance LLC (JFIN) is issuing $400 million of senior notes due 2024 and a $250 million term loan due 2024. The firm has also increased its drawn and committed equity from its joint venture owners Jefferies Group LLC and MassMutual. We are affirming our ratings on JFIN, including the 'B+' issuer credit and senior secured debt ratings, and the 'B' senior unsecured debt rating. We are also assigning our 'B+' rating to the new term loan and our 'B' rating to the new senior unsecured notes. The stable outlook reflects our expectations that JFIN will continue to operate with leverage of 5x-6x with adequate funding and liquidity. On July 14, 2017, S&P Global Ratings affirmed its

  
Brief Excerpt:

...U.S.-based commercial lender Jefferies Finance LLC (JFIN) is issuing $400 million of senior notes due 2024 and a $250 million term loan due 2024....

  
Report Type:

Research Update

Issuer
Jefferies Finance LLC
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Jefferies Finance LLC Ratings Affirmed, Senior Secured Loan Rated 'B+', Senior Notes 'B'; Outlook Stable" Jul 14, 2017. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Jefferies-Finance-LLC-Ratings-Affirmed-Senior-Secured-Loan-Rated-B-Senior-Notes-B-Outlook-Stable-1883887>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Jefferies Finance LLC Ratings Affirmed, Senior Secured Loan Rated 'B+', Senior Notes 'B'; Outlook Stable Jul 14, 2017. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Jefferies-Finance-LLC-Ratings-Affirmed-Senior-Secured-Loan-Rated-B-Senior-Notes-B-Outlook-Stable-1883887>
  
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