Jefferies Group has established a $950 million senior secured revolving credit facility. The company intends to use funds to support the operations of its futures and commodities platform Jefferies Bache.
The new loan will replace the short-term secured loan facility provided in connection with Jefferies’ purchase of Prudential Bache from Prudential Financial. Jefferies Bache Limited and Jefferies Bache Financial Services are some of the borrowers under the new facility.
Click here for the release from Business Wire.