Sidley represented Jefferies Finance LLC (JFIN) in its establishment of a US$1.65 billion senior secured revolving credit facility and a US$250 million subordinated term loan, issuance of US$1.0 billion senior unsecured notes, and concurrent corporate reorganization, in connection with the recently announced strategic alliance between Jefferies Financial Group, Inc., a 50% owner of JFIN, with Sumitomo Mitsui Banking Corporation to collaborate on future corporate and investment banking business opportunities. The coordinated transactions position Jefferies Finance LLC to strengthen its position as a leading provider of leveraged finance solutions.
Jefferies Finance is a joint venture of Jefferies Group and MassMutual with over US$11 billion of managed capital, serving private equity and corporate clients with leveraged loan arrangement, management, and investing services.
The Sidley team was led by Global Finance partners Josh Thompson (New York) and Kristen Smith (San Francisco), Capital Markets partner Johnny Skumpija (New York), and M&A partner Chris Barbuto (New York). The team included Capital Markets associates Todd Gilbert (Los Angeles), Eryn Berquist (Dallas), Betsy Mead (New York), and Akina Newbraugh (New York), Global Finance associates Diana Duan (New York) and Will Cowell (Chicago), M&A associate Jimmy Donnelly (New York), and Tax partners Kevin Pryor (Chicago), Dr. Chris Brause (New York), and Scott Pollock (Chicago) and associate Ryan Kelly (New York).