Jefferson Capital Announces Amendment and Upsize of Senior Secured Revolving Credit Facility
Jefferson Capital (NASDAQ: JCAP) announced an amendment and upsize of its senior secured revolving credit facility led by Citizens Bank on Oct 28, 2025. Key terms include an increase of committed capital by $175,000,000 to $1,000,000,000, a 50-basis-point reduction in interest rate margins, a 5-basis-point reduction in the non-use fee and a cap on the non-use fee at 35 basis points. The amendment eliminates credit spread adjustments and extends the facility maturity to Oct 27, 2030, subject to an earlier 91-day reduction tied to specified senior note maturities. The amendment also removes a minimum tangible net worth covenant for certain subsidiaries.
Jefferson Capital (NASDAQ: JCAP) ha annunciato una modifica e un aumento della sua linea di credito revolving senior secured guidata da Citizens Bank il 28 ottobre 2025. I termini chiave includono un aumento del capitale impegnato da 175.000.000 a 1.000.000.000 USD, una riduzione di 50 punti base dei margini di interesse, una riduzione di 5 punti base della commissione di non-utilizzo e una soglia della commissione di non-utilizzo pari a 35 punti base. L'emendamento elimina gli aggiustamenti dello spread di credito e estende la scadenza della linea al 27 ottobre 2030, soggetta a una riduzione anticipata di 91 giorni legata alle scadenze specifiche delle note senior. L'emendamento elimina anche un covenants minimo di patrimonio tangibile netto per alcune controllate.
Jefferson Capital (NASDAQ: JCAP) anunció una enmienda y un aumento de su línea de crédito revolvente senior garantizada liderada por Citizens Bank el 28 de octubre de 2025. Los términos clave incluyen un aumento de capital comprometido de 175,000,000 a 1,000,000,000 USD, una reducción de 50 puntos base en los márgenes de interés, una reducción de 5 puntos base en la comisión de no uso y un techo de la comisión de no uso en 35 puntos base. La enmienda elimina los ajustes de spread de crédito y extiende el vencimiento de la facilidad hasta el 27 de octubre de 2030, sujeto a una reducción anticipada de 91 días vinculada a los vencimientos de ciertas notas senior. La enmienda también elimina un covenant de valor neto tangible mínimo para ciertas subsidiarias.
Jefferson Capital (NASDAQ: JCAP)은 Citizens Bank가 주도하는 선순위 담보 회전 신용 한도에 대한 수정 및 규모 확대를 2025년 10월 28일 발표했습니다. 주요 조건으로는 약정 자본을 $175,000,000에서 $1,000,000,000으로 증가시키고, 이자율 마진을 50bp 감소시키며, 비사용 수수료를 5bp 감소시키고 비사용 수수료의 상한을 35bp로 설정하는 것입니다. 수정은 신용 스프레드 조정을 제거하고 한도를 2030년 10월 27일까지 연장하되 특정 선순위 채권 만기에 연결된 구체적 조기 91일 축소에 따라 달라질 수 있습니다. 또한 일부 자회사의 최소 유형적 순자산 요건을 제거합니다.
Jefferson Capital (NASDAQ: JCAP) a annoncé une modification et une augmentation de sa facilité de crédit revolving senior garantifiée dirigée par Citizens Bank le 28 octobre 2025. Les termes clés incluent une augmentation du capital engagé de 175 000 000 $ à 1 000 000 000 $, une réduction de 50 points de base des marges d'intérêt, une réduction de 5 points de base des frais de non-utilisation et un plafond des frais de non-utilisation à 35 points de base. L’amendement supprime les ajustements de spread de crédit et prolonge l’échéance de la facilité au 27 octobre 2030, sous réserve d’une réduction anticipée de 91 jours liée aux échéances de certaines obligations senior spécifiées. L’amendement supprime également une covenant de valeur nette tangible minimale pour certaines filiales.
Jefferson Capital (NASDAQ: JCAP) kündigte eine Änderung und eine Erhöhung der senior gesicherten revolvierenden Kreditfazilität unter Führung von Citizens Bank am 28. Oktober 2025 an. Zu den wichtigsten Bedingungen gehören eine Erhöhung des engagierten Kapitals von 175.000.000 auf 1.000.000.000 USD, eine Senkung der Zinsspread-Marge um 50 Basispunkte, eine Senkung der Nichtnutzungsgebühr um 5 Basispunkte und eine Obergrenze der Nichtnutzungsgebühr auf 35 Basispunkte. Die Änderung eliminiert Kreditspread-Anpassungen und verlängert die Laufzeit der Fazilität bis zum 27. Oktober 2030, vorbehaltlich einer vorzeitigen Reduzierung von 91 Tagen in Verbindung mit bestimmten Senior-Notes-Fälligkeiten. Zudem wird eine Mindest-Anforderung an greifbare Vermögenswerte (tangible net worth) für bestimmte Tochtergesellschaften aufgehoben.
Jefferson Capital (NASDAQ: JCAP) أعلن عن تعديل وزيادة في تسهيلها الائتماني الدوري المضمون الأول بقيادة Citizens Bank في 28 أكتوبر 2025. تشمل الشروط الرئيسية زيادة رأس المال الملتزم من $175,000,000 إلى $1,000,000,000، وخفض هامش الفائدة بمقدار 50 نقطة أساس، وخفض رسوم عدم الاستخدام بمقدار 5 نقاط أساس وتحديد سقف لرسوم عدم الاستخدام عند 35 نقطة أساس. الإجراء يُلغي تعديلات انتشار الائتمان ويمدد تاريخ الاستحقاق إلى 27 أكتوبر 2030، مع إمكانية تخفيض مبكر خلال 91 يوماً مرتبطة باستحقاقات سندات senior محددة. كما يُلغى شرط الحد الأدنى لصافي القيمة الملموسة لبعض الشركات التابعة.
Jefferson Capital (NASDAQ: JCAP)宣布于 2025 年 10 月 28 日由 Citizens Bank 主导的高级担保循环信贷额度的修订和增额。主要条款包括将承诺资本从 1.75 亿美元增至 10 亿美元、将利率点差降低 50 个基点、将非使用费降低 5 个基点，非使用费上限设定为 35 个基点。修订取消信贷利差调整并将额度到期日延长至 2030 年 10 月 27 日，前提是在与特定的高级票据到期相关的情形下提前 91 天的减记。修订还取消了某些子公司最低实际净值的契约。
- Committed capital increased by $175,000,000 to $1,000,000,000
- Interest rate margin reduced by 50 basis points
- Non-use fee reduced by 5 basis points and capped at 35 basis points
- Facility maturity extended to October 27, 2030
- Removal of minimum tangible net worth covenant for certain subsidiaries
- Facility maturity may shorten to 91 days before earlier senior note maturities
- Amendment ties credit terms to the timing of the 9.500% and 8.250% senior notes maturities
Insights
Upsize and cheaper, longer revolving credit improves near-term liquidity and reduces funding cost.
Jefferson Capital increased committed capacity by
The business mechanism is simple: larger capacity plus narrower pricing directly raises available liquidity and lowers borrowing cost on revolver draws. Removal of the tangible net worth covenant loosens a prior balance-sheet maintenance constraint and the syndication led by Citizens Bank brings new lender support.
Dependencies and risks are explicit in the disclosure: the maturity can shorten to 91 days ahead of the earliest final scheduled maturity of the 9.500% Senior Notes due February 15, 2029 or the 8.250% Senior Notes due May 15, 2030, which creates a conditional refinancing timing link. The amendment also notes customary public‑company reporting and change‑of‑control adjustments.
Concrete items to watch include the exercisable revolver capacity at close, any draws or repayments following the
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 t o$1,000,000,000 - A reduction of the interest rate margins applicable to loans outstanding under the credit facility by fifty (50) basis points
- A 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 points
- Elimination of any credit spread adjustments from the calculation of the interest rate applicable to loans outstanding under the credit facility
- Extension 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 the8.250% 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 subsidiaries
- Customary 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 services both secured and unsecured assets, and its growing client base includes Fortune 500 creditors, banks, fintech origination platforms, telecommunications providers, credit card issuers and auto finance companies. Jefferson Capital is headquartered in Minneapolis, Minnesota with additional offices and operations located in Sartell, Minnesota, Denver, Colorado and San Antonio, Texas (United States); Basingstoke, England, London, England and Paisley, Scotland (United Kingdom); London, Ontario and Toronto, Ontario (Canada); as well as Bogota (Colombia).
Contacts:
Investor Relations
IR@jcap.com
Media Relations
Doug.Donsky@icrinc.com
Disclosure Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements concerning the Bluestem portfolio purchase, including the anticipated purchase price and timeline for closing, anticipated benefits and strategic plans following the upsizing of our credit facility, and our leadership position. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: a deterioration in the economic or inflationary environment in the United States, Canada, the United Kingdom or Latin America, including the interest rate environment; our ability to replace our portfolios of nonperforming loans with additional portfolios sufficient to operate efficiently and profitably; our ability to collect sufficient amounts on our nonperforming loans to fund our operations; the possibility that third parties we rely on to conduct collection and other activities fail to perform their services; the possibility that we could recognize significant decreases in our estimate of future recoveries on nonperforming loans; changes in, or interpretations of, federal, state, local, or international laws, including bankruptcy and collection laws, or changes in the administrative practices of various bankruptcy courts, which could negatively impact our business or our ability to collect on nonperforming loans; goodwill impairment charges that could negatively impact our net income and stockholders’ equity; our ability to comply with existing and new regulations of the collection industry, the failure of which could result in penalties, fines, litigation, damage to our reputation, or the suspension or termination of or required modification to our ability to conduct our business; adverse outcomes in pending or future litigation or administrative proceedings; the possibility that class action suits and other litigation could divert management’s attention and increase our expenses; investigations, reviews, or enforcement actions by governmental authorities, including the Consumer Financial Protection Bureau, which could result in changes to our business practices, negatively impact our deployment volume, make collection of account balances more difficult, or expose us to the risk of fines, penalties, restitution payments, and litigation; the possibility that compliance with complex and evolving international and United States laws and regulations that apply to our international operations could increase our cost of doing business in international jurisdictions; our ability to comply with data privacy regulations such as the General Data Protection Regulation; our ability to retain, expand, renegotiate or replace our credit facility and our ability to comply with the covenants under our financing arrangements; our ability to refinance our indebtedness; our ability to service our outstanding indebtedness; changes in interest or exchange rates, which could reduce our net income, and the possibility that future hedging strategies may not be successful; and the possibility that we could incur business or technology disruptions or cybersecurity incidents. These and other important factors discussed under the caption “Risk Factors” in our Form 10-Q filed with the SEC on August 14, 2025 and our other filings with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
FAQ
What change did Jefferson Capital (JCAP) make to its revolving credit facility on Oct 28, 2025?
How much did Jefferson Capital (JCAP) increase its committed capital by and to what total?
What interest-rate changes did the JCAP credit amendment include?
When does the amended Jefferson Capital (JCAP) credit facility now mature?
Did the Jefferson Capital (JCAP) amendment change covenant requirements?
Who led the syndication for Jefferson Capital's (JCAP) amended credit facility?
