Jefferies Financial Group Issues New Senior Notes

TL;DR

Jefferies just dropped $1.5475B in new debt across multiple note series.

AI Summary

On December 5, 2025, Jefferies Financial Group Inc. filed an 8-K report detailing the issuance of several senior notes. These include $275 million in Senior Notes due 2032, $485 million in Senior Notes due 2027, $200 million in Senior Notes due 2034, and $587.5 million in Senior Notes due 2028. The filing also references common stock.

Why It Matters

Jefferies Financial Group is raising capital through the issuance of various senior notes, which will impact its debt structure and financial leverage.

Risk Assessment

Risk Level: medium — Issuing significant amounts of new debt increases the company's financial leverage and interest expense, which can be a risk if market conditions or company performance deteriorates.

Key Numbers

• $275 million — Senior Notes due 2032 (Capital raised)
• $485 million — Senior Notes due 2027 (Capital raised)
• $200 million — Senior Notes due 2034 (Capital raised)
• $587.5 million — Senior Notes due 2028 (Capital raised)

Key Players & Entities

• Jefferies Financial Group Inc. (company) — Registrant
• $275 million (dollar_amount) — Senior Notes due 2032 issuance
• $485 million (dollar_amount) — Senior Notes due 2027 issuance
• $200 million (dollar_amount) — Senior Notes due 2034 issuance
• $587.5 million (dollar_amount) — Senior Notes due 2028 issuance
• December 5, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $1.00 — ch registered Common Shares, par value $1.00 per JEF New York Stock Exchange s
• $340,000,000 — exchange for (A) cash of approximately $340,000,000, (B) the contribution to HHC of equity
• $75,000,000 — e Holdings, LLC valued at approximately $75,000,000, and (C) the contribution of certain ri
• $100,000,000 — ion, LAM Holdings may also invest up to $100,000,000 in convertible preferred equity of the

Filing Documents

• ef20060779_8k.htm (8-K) — 41KB
• ef20060779_ex99-1.htm (EX-99.1) — 16KB
• 0001140361-25-044702.txt ( ) — 244KB
• jef-20251205.xsd (EX-101.SCH) — 5KB
• jef-20251205_def.xml (EX-101.DEF) — 18KB
• jef-20251205_lab.xml (EX-101.LAB) — 28KB
• jef-20251205_pre.xml (EX-101.PRE) — 21KB
• ef20060779_8k_htm.xml (XML) — 9KB

01

Item 8.01. Other Events. On December 5, 2025, Leucadia Asset Management Holdings LLC ("LAM Holdings"), a wholly owned subsidiary of Jefferies Financial Group Inc. (the "Company"), entered into a Contribution and Subscription Agreement (the "CSA") with Hildene Holding Company, LLC ("HHC"), the parent of Hildene Capital Management, LLC and its affiliates ("Hildene"). Overview of Transactions. The CSA provides for certain transactions (collectively, the "Transactions") under which (i) Jefferies will subscribe for newly issued equity interests of HHC in exchange for (A) cash of approximately $340,000,000, (B) the contribution to HHC of equity interests in Hildene Insurance Holdings, LLC valued at approximately $75,000,000, and (C) the contribution of certain rights under an existing revenueshare agreement; and (ii) Brett Jefferson and certain affiliates of Mr. Jefferson will make a concurrent investment into HHC through a newly formed feeder vehicle (the "BRJ Investor"). Immediately following the closing, HHC will use the proceeds of the Jefferies investment to acquire equity interests in a newly formed vehicle (the "SILAC Acquisition SPV") that will consummate the acquisition of SILAC, Inc. (the "SILAC Acquisition"). To the extent the SILAC Acquisition SPV requires additional capital to complete the SILAC Acquisition, LAM Holdings may also invest up to $100,000,000 in convertible preferred equity of the SILAC Acquisition SPV. Such convertible preferred equity of the SILAC Acquisition SPV will convert into common equity of the SILAC Acquisition SPV no later than the third anniversary of the closing of the SILAC Acquisition. Governance and Economics. Under the amended and restated operating agreement of HHC to be adopted at closing, among other things: (i) LAM Holdings and the BRJ Investor will have equal board representation; and (ii) specified actions will require the consent of both investor groups. Conditions; Timing; Termination. The closing of the Transactions

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits. Number Exhibit 99.1 Press Release, dated December 8, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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. Jefferies Financial Group Inc. By: /s/ Michael J. Sharp Name: Michael J. Sharp Title: Executive Vice President and General Counsel Date: December 8, 2025

View Full Filing

View this 8-K filing on SEC EDGAR