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NEW YORK, April 19 (Fitch) Fitch Ratings expects to assign a
‘BBB’ rating to Jefferies Group, Inc.’s (Jefferies) proposed
$200 million senior notes due 2021.
The add-on notes will be issued under Jefferies’ $550
million 6.875% senior note indenture, which has a maturity date
of April 2021. The proposed $200 million add-on issuance will
increase the notes outstanding under the indenture to $750
million. This transaction will have a minimal impact on the
company’s leverage position.
