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Jefferies Financial Group Inc. reports news on a full-service investment banking and capital markets firm serving public and private companies, sponsors, institutional investors and government entities. Recurring updates cover financial results across investment banking, capital markets and asset management, including advisory, underwriting, trading, fund-fee and investment-return activity.
Company news also includes Jefferies research publications, governance and shareholder voting matters, capital-structure actions and updates tied to its global strategic relationships. Other communications address public responses to litigation or counterparty disputes involving funds, receivables financing and related risk disclosures.
M Science has launched an enhanced video games intelligence platform, expanding its reach from the U.S. into Europe. This development allows for comprehensive tracking and insights from millions of players across various distribution channels and over 1,000 games in real-time. The initial rollout covers the U.K. and France, with Spain and Germany to follow. The platform aims to provide clients with critical metrics including revenue tracking, cohort analysis, and extensive user data, enhancing decision-making capabilities for stakeholders in the gaming ecosystem.
Jefferies Financial Group Inc. (NYSE:JEF) has announced the completion of its cash tender offer for its 5.5% Senior Notes due 2023, with $303.4 million of the $750 million outstanding notes validly tendered. The tender offer expired on November 5, 2021, and payments for the notes are scheduled for November 9, 2021. The tender offer was subject to certain conditions, which have been satisfied or waived. Jefferies LLC acted as the dealer manager for this process.
M Science has launched a new Digital Sports Betting and iGaming platform, enabling clients to track key metrics weekly across states. This data-driven solution enhances market intelligence for companies in a rapidly growing sector, which traditionally relied on limited state disclosures. The platform facilitates in-depth analysis of competitive and consumer behaviors, offering insights into market share and customer retention. M Science, a subsidiary of Jefferies Financial Group (JEF), continues its mission to provide actionable intelligence through its extensive research capabilities.
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.
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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.