JEF Stock Slides on Revealing Exposure to Bankrupt First Brands Group

Key Takeaways JEF shares dropped 7.9% after disclosing its exposure tied to First Brands' Bankruptcy.Jefferies detailed exposure through Point Bonita's trade-finance portfolio tied to First Brands.Apex-managed CLOs hold about $48 million of First Brands' loans, roughly 1% of total CLO assets.Jefferies Financial Group Inc. (JEF) disclosed its indirect exposure to First Brands Group, LLC, which filed for Chapter 11 bankruptcy protection on Sept. 29, 2025. This sparked a negative sentiment among investors, and ...