Jefferson Capital taps debt market for $100M in senior notes due 2030
What's the deal? Jefferson Capital (JCAP) has launched an offering of $100 million in senior notes due 2030, issued through its wholly owned subsidiary Jefferson Capital HoldingsDealroom has a profile for this one. Try Dealroom →. The new notes carry an 8.250% rate and fall under the company's existing 2025 indenture.
How it's structured: The additional notes join $500 million of existing notes under the same indenture. Proceeds will primarily repay borrowings under Jefferson Capital's revolving credit facility, with any remainder going toward general corporate purposes.
What's the endgame? Jefferson Capital signalled it may reborrow under the credit facility to fund portfolio purchases and acquisitions. Clearing the revolver frees up that capacity.
The signal: The move underscores Jefferson Capital's growing prominence and reliance on debt markets to keep its acquisition pipeline liquid. For a company that buys and manages loan portfolios, keeping the revolving credit facility open is central to staying active as deals arise.
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Read more: MSN
