Business
Jefferson Capital Announces Amendment and Upsize of Senior Secured Revolving Credit Facility
MINNEAPOLIS, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Jefferson Capital, Inc. (NASDAQ: JCAP) (“Jefferson Capital”), a leading analytically driven purchaser and
About this update from Jefferson Capital, Inc.
[{"type":"text","content":"MINNEAPOLIS, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Jefferson Capital, Inc. (NASDAQ: JCAP) (“Jefferson Capital”), a leading analytically driven purchaser and manager of charged-off, insolvency and active consumer accounts, announced today that it has amended and extended its senior secured revolving credit facility via a syndication led by Citizens Bank. Key components of the amendment include, among other items: An increase of the aggregate committed capital by $175,000,000 to $1,000,000,000A reduction of the interest rate margins applicable to loans outstanding under the credit facility by fifty (50) basis pointsA reduction of the non-use fee rate for unutilized commitments under the credit facility by five (5) basis points and a reduction of the maximum applicable non-use fee rate for unutilized commitments to thirty-five (35) basis pointsElimination of any credit spread adjustments from the calculation of the interest rate applicable to loans outstanding under the credit facilityExtension of the maturity of the credit facility to October 27, 2030, subject to such maturity being reduced to 91 days in advance of the earliest final scheduled maturity date of either the 9.500% Senior Notes due February 15, 2029 or the 8.250% Senior Notes due May 15, 2030, in each case issued by Jefferson Capital Holdings, LLC.Removal of the existing financial covenant requiring a minimum tangible net worth of certain subsidiariesCustomary changes (including changes to financial reporting requirements and ‘change of control’ thresholds) to reflect the status of Jefferson Capital as a public company “The upsize of the credit facility will help us fuel the significant momentum of the business following the Bluestem portfolio purchase. We appreciate the continued support and partnership of our lenders, and we welcome the two new banks that joined the facility. Our ability to successfully execute on the largest capital commitment increase in Jefferson Capital’s history is a testament to the strength of the credit fundamentals of the company,” said David Burton, Jefferson Capital’s Chairman and CEO. About Jefferson Capital, Inc.Founded in 2002, Jefferson Capital is an analytically driven purchaser and manager of charged-off and insolvency consumer accounts with operations in the United States, Canada, the United Kingdom and Latin America. It purchases and ...