Jefferson Capital Announces Amendment and Upsize of Senior Secured Revolving Credit Facility

Core Viewpoint - Jefferson Capital, Inc. has amended and extended its senior secured revolving credit facility, which is expected to support the company's growth momentum following the acquisition of the Bluestem portfolio [1] Company Overview - Jefferson Capital, Inc. was founded in 2002 and specializes in the purchase and management of charged-off and insolvency consumer accounts across multiple regions including the United States, Canada, the United Kingdom, and Latin America [2] - The company services both secured and unsecured assets and has a diverse client base that includes Fortune 500 companies, banks, fintech platforms, telecommunications providers, credit card issuers, and auto finance companies [2] Credit Facility Amendment Details - The credit facility has been increased by $175 million, bringing the total committed capital to $1 billion [4] - Interest rate margins on outstanding loans under the credit facility have been reduced by 50 basis points [4] - The non-use fee rate for unutilized commitments has been decreased by 5 basis points, with a maximum applicable non-use fee rate set at 35 basis points [4] - The maturity of the credit facility has been extended to October 27, 2030, with specific conditions related to existing senior notes [4] - The existing financial covenant requiring a minimum tangible net worth of certain subsidiaries has been removed [4]