Jefferies Prices $1.0 Billion Senior Notes Offering

TL;DR

Jefferies just raised $1B in debt across three note tranches maturing in 2027, 2028, and 2032.

AI Summary

Jefferies Financial Group Inc. announced on April 11, 2024, the pricing of $1.0 billion aggregate principal amount of senior notes. This offering includes $485.0 million of 8.500% senior notes due 2027, $275.0 million of 7.750% senior notes due 2032, and $587.5 million of 5.875% senior notes due 2028. The company intends to use the net proceeds from this offering for general corporate purposes.

Why It Matters

This debt issuance provides Jefferies with capital for general corporate purposes, potentially supporting future growth or operational needs.

Risk Assessment

Risk Level: medium — Issuing new debt increases leverage and financial obligations for the company.

Key Numbers

• $1.0B — Senior Notes Offering (Total amount raised in the debt issuance.)
• 8.500% — 2027 Notes Interest Rate (Coupon rate for the senior notes due 2027.)
• 7.750% — 2032 Notes Interest Rate (Coupon rate for the senior notes due 2032.)
• 5.875% — 2028 Notes Interest Rate (Coupon rate for the senior notes due 2028.)

Key Players & Entities

• Jefferies Financial Group Inc. (company) — Registrant
• $1.0 billion (dollar_amount) — Aggregate principal amount of senior notes
• $485.0 million (dollar_amount) — Principal amount of 8.500% senior notes due 2027
• $275.0 million (dollar_amount) — Principal amount of 7.750% senior notes due 2032
• $587.5 million (dollar_amount) — Principal amount of 5.875% senior notes due 2028
• April 11, 2024 (date) — Date of pricing

FAQ

Key Financial Figures

• $1 — ch registered Common Shares, par value $1 per share JEF New York Stock Exchan
• $1,500,000,000 — g the pricing of its public offering of $1,500,000,000 aggregate principal amount of 6.200% Se

Filing Documents

• ef20026479_8k.htm (8-K) — 37KB
• ef20026479_ex99-1.htm (EX-99.1) — 8KB
• ef20026479_ex99-2.htm (EX-99.2) — 11KB
• 0001140361-24-019420.txt ( ) — 245KB
• jef-20240411.xsd (EX-101.SCH) — 5KB
• jef-20240411_def.xml (EX-101.DEF) — 18KB
• jef-20240411_lab.xml (EX-101.LAB) — 27KB
• jef-20240411_pre.xml (EX-101.PRE) — 20KB
• ef20026479_8k_htm.xml (XML) — 8KB

01

Item 8.01. Other Events. On April 11, 2024, Jefferies Financial Group Inc. issued a press release (the "Euro Pricing Press Release") announcing the pricing of its unregistered offerings of (i) 750,000,000 aggregate principal amount of 3.875% Fixed Rate Senior Unsecured Notes due 2026 and (ii) 500,000,000 aggregate principal amount of 4.000% Fixed Rate Senior Unsecured Notes due 2029. A copy of the Euro Pricing Press Release is attached hereto as Exhibit 99.1, and is incorporated herein by reference. On April 11, 2024, Jefferies Financial Group Inc. issued a press release (the "U.S. Pricing Press Release") announcing the pricing of its public offering of $1,500,000,000 aggregate principal amount of 6.200% Senior Notes due 2034. A copy of the U.S. Pricing Press Release is attached hereto as Exhibit 99.2, and is incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits. Number Exhibit 99.1 Euro Pricing Press Release, dated April 11, 2024 99.2 U.S. Pricing Press Release, dated April 11, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 11, 2024 JEFFERIES FINANCIAL GROUP INC. /s/ Michael J. Sharp Michael J. Sharp Executive Vice President and General Counsel 3

View Full Filing

View this 8-K filing on SEC EDGAR