Jefferson Capital Upsizes Revolving Credit Facility by $150M to $1.15B
Jefferson Capital increased its revolving credit facility by $150 million, raising total capacity to $1.15 billion with two new bank partners contributing $75 million each. The amended agreement also boosts the potential future revolving commitment cap to $1.425 billion, enhancing its financial flexibility for growth initiatives.
1. Credit Facility Expansion Details
Jefferson Capital expanded its revolving credit facility by $150 million to $1.15 billion, adding two new banking partners with $75 million each and amending the agreement to allow future increases up to $1.425 billion without any other material changes.
2. Strategic Impact and Flexibility
Management highlighted that the upsized facility underscores bank partner confidence in long-term growth opportunities, providing increased liquidity to fund portfolio acquisitions, support operational initiatives and drive shareholder value while maintaining existing covenant structures.