Jefferies Financial Group Inc. Announces The Early Results Of Its Tender Offer For Certain Outstanding Senior Notes

Jefferies Financial Group Inc. announced the early results of the previously announced cash tender offer to purchase any and all $750 million outstanding aggregate principal amount of its 5.5% Senior Notes due 2023 (the “Notes”). Approximately $301.6 million in aggregate principal amount of Notes were validly tendered and not validly withdrawn on or prior to 5:00 p.m., New York City time, on October 22, 2021, the early tender date for the Tender Offer (the “Early Tender Date”). The terms of the Tender Offer are described in the Offer to Purchase, dated October 8, 2021 (the “Offer to Purchase”).

Recommended AI News: Platform9 Announces SaaS GitOps Engine to Simplify Multicloud Operations and Governance With Latest Kubernetes Release

The following table sets forth certain information regarding the Notes and the Tender Offer, including the aggregate principal amount of Notes that were validly tendered and not validly withdrawn on or prior to the Early Tender Date, as were reported by D.F. King, the tender agent:

JFG’s obligation to accept for purchase and to pay for the Notes validly tendered and not validly withdrawn pursuant to the Tender Offer is subject to the satisfaction or waiver, in JFG’s discretion, of certain conditions, which are more fully described in the Offer to Purchase.

The consideration paid in the Tender Offer for Notes validly tendered and not validly withdrawn and accepted for purchase will be determined in the manner described in the Offer to Purchase (the “Total Cash Payment”). Holders of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date and accepted for purchase are eligible to receive the applicable Total Cash Payment, which includes an early tender premium of $2.00 per $1,000 principal amount of the Notes accepted for purchase (the “Early Tender Premium”).

The Total Cash Payment will be determined at 3:00 p.m., New York City time, on October 25, 2021 (the “Price Determination Date”). JFG will issue a press release after the Total Cash Payment is determined to announce the Total Cash Payment payable in connection with the Tender Offer.

Top Crypto News: “Bitcoin Has No Intrinsic Value”. Then What Gives Bitcoin Value?

Payments for Notes purchased will include accrued and unpaid interest from and including the last interest payment date for the Notes up to, but not including, the applicable payment date for Notes accepted for purchase. The payment date for the Notes accepted for purchase in connection with the Early Tender Date is expected to be October 26, 2021, the first business day following the Price Determination Date. In accordance with the terms of the Tender Offer, the withdrawal deadline was 5:00 p.m., New York City time, on October 22, 2021. As a result, tendered Notes may no longer be withdrawn, except in certain limited circumstances where additional withdrawal rights are required by law (as determined by JFG).

The Tender Offer will expire at 11:59 p.m., New York City time, on November 5, 2021 (the “Expiration Date”), unless extended or earlier terminated by JFG. Holders of Notes who validly tender their Notes following the Early Tender Date and on or prior to the Expiration Date will only receive the “Tender Offer Cash Payment,” which is an amount equal to the Total Cash Payment minus the Early Tender Premium.

Jefferies LLC is acting as the dealer manager for the Tender Offer. The tender agent and information agent is D.F. King. Copies of the Offer to Purchase and related offering materials are available by contacting D.F. King by telephone at (800) 290-6426 or via email at jefferies@dfking. This press release does not constitute an offer to buy or a solicitation of an offer to sell any Notes. The Tender Offer is being made solely pursuant to the Offer to Purchase. The Tender Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with applicable securities or blue sky laws.

Recommended AI News: GrubMarket Expands to Canada through Acquisition of Funtech Software

[To share your insights with us, please write to sghosh@martechseries.com]