Investment bank Jefferies Group Inc. said Friday it established a $950 million senior secured revolving credit facility to fund the operations of its global commodities group.
Jefferies Bache offers brokerage and clearing services in listed derivatives on all major futures and options exchanges around the world. It also offers over-the-counter trading in foreign exchange, metals and energy and agricultural swap transactions, Jefferies said.
The new credit facility will replace the short-term secured loan provided in connection with Jefferies' April acquisition of the group from Prudential Financial Inc.
The borrowers under the new credit facility include Jefferies Bache LLC, Jefferies Bache Ltd. and Jefferies Bache Financial Services Inc., the company said.
In morning trading, Jefferies shares fell 23 cents to $15.
Source: uk.finance.yahoo.com
Jefferies Bache offers brokerage and clearing services in listed derivatives on all major futures and options exchanges around the world. It also offers over-the-counter trading in foreign exchange, metals and energy and agricultural swap transactions, Jefferies said.
The new credit facility will replace the short-term secured loan provided in connection with Jefferies' April acquisition of the group from Prudential Financial Inc.
The borrowers under the new credit facility include Jefferies Bache LLC, Jefferies Bache Ltd. and Jefferies Bache Financial Services Inc., the company said.
In morning trading, Jefferies shares fell 23 cents to $15.
Source: uk.finance.yahoo.com
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