Jefferies Financial Group Stock Price, News & Analysis

Jefferies Financial Group Inc. (NYSE:JEF) has announced the pricing terms for its cash tender offer of $750,000,000 for its 5.5% Senior Notes due 2023. The Total Cash Payment for notes accepted includes an early tender premium of $2.00 per $1,000 principal amount. The Early Tender Date is set for October 22, 2021, with payment expected on October 26, 2021. The tender offer will close on November 5, 2021, unless extended. Jefferies LLC is the dealer manager for this offer.

Jefferies Financial Group Inc. (NYSE:JEF) announced the early results of its cash tender offer to buy up to $750 million of its 5.5% Senior Notes due 2023. As of the early tender date on October 22, 2021, approximately $301.6 million in principal amount of the Notes were validly tendered. An early tender premium of $2.00 per $1,000 will be included for those accepted for purchase. The total cash payment will be determined on October 25, 2021, with the payment date expected on October 26, 2021. The tender offer will expire on November 5, 2021.

Jefferies Financial Group Inc. (NYSE: JEF) has initiated a cash tender offer for its 5.5% Senior Notes due 2023, amounting to $750 million. The tender offer, termed the 'Tender Offer', is subject to terms outlined in the associated Offer to Purchase. Holders who tender their notes before the Early Tender Date of October 22, 2021, will receive a premium. Payments will include accrued interest. The expiration date for the offer is set for November 5, 2021.

Jefferies Group LLC has priced a public offering of $1.0 billion in 2.625% Senior Notes due October 15, 2031, yielding 2.731%. The offering will settle on October 8, 2021, pending closing conditions. Proceeds will be used to redeem all of the 5.125% Senior Notes due January 20, 2023, and for general corporate purposes, including business development. Jefferies LLC acted as lead book-runner, with several other firms as co-managers. The offering is compliant with relevant SEC regulations.

Jefferies Financial Group reported strong financial results for Q3 and the nine months ended August 31, 2021. Net income for Q3 reached $407 million, or $1.50 per diluted share, while net income for the nine months totaled $1.34 billion, or $4.93 per diluted share. Q3 net revenues hit a record $1.65 billion, a 19% increase from the previous year, with Investment Banking revenues doubling to $1.18 billion. The board declared a $0.25 quarterly dividend and increased share buyback authorization to $250 million. The company has a robust liquidity buffer of $9.2 billion.

Leucadia Asset Management, part of Jefferies Financial Group (NYSE: JEF), has announced a strategic partnership with Manteio Capital, a systematic investment manager using AI methodologies. Leucadia will invest long-term capital into Manteio's systematic strategies, aiming to enhance growth and innovation. Manteio, co-founded by industry veterans in 2020, focuses on applying quantitative techniques to identify uncorrelated sources of alpha. This collaboration underscores Leucadia's support for Manteio's expansion and strategic development in investment management.

Shavelogic, Inc. has successfully raised $100 million in growth capital from Jefferies to enhance its innovative SL5 razor and expand market reach. Aon’s Intellectual Property Solutions facilitated this financing through Collateral Protection Insurance, leveraging Shavelogic's extensive IP portfolio, which includes over 150 patents. CEO Rob Wilson emphasized the need to educate consumers about their product's benefits. This funding aims to accelerate Shavelogic's growth in the $11 billion global razor market.

Jefferies Financial Group Inc. (NYSE: JEF) will host an investor meeting on October 12, 2021, from 9:00 a.m. to noon via webcast. The event will feature presentations from CEO Richard B. Handler, President Brian P. Friedman, and other leaders, along with a Q&A session for attendees. Interested participants must register by 2:00 p.m. EST on October 8, 2021 through jefferies.com/investormeeting2021. Jefferies is a global investment banking firm with nearly 60 years of experience.