Jefferson Capital, Inc. / DE (JCAP): debt financing — Jefferson Capital acquires Bluestem credit card portfolio for $302.8M; amends credit facility to $1B

Jefferson Capital, Inc. / DE

Acquires revolving credit card receivables with $488.2M face value; purchase price $302.8M, subject to adjustments.
Closing expected in Q4 2025; no ongoing originations through Bluestem; servicing to transition to CardWorks.
Credit facility increased by $175M to $1.0B; interest rate margin reduced by 50 bps.
Maturity extended to October 27, 2030, subject to earlier date tied to existing senior notes.
Amendment removes minimum tangible net worth covenant; permits distributions up to 6% of market cap or specified quarterly dividend.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Jefferson Capital, Inc. / DE amended credit facility of $1,000,000,000 with Citizens Bank, N.A. at reduced by fifty (50) basis points maturing October 27, 2030.

Instrument: credit facility
Principal: $1,000,000,000
Counterparty: Citizens Bank, N.A.
Rate: reduced by fifty (50) basis points
Maturity: October 27, 2030
Event: amendment

Exact text from the filing

The Amendment effected certain amendments to the terms of the credit facility under the Existing Credit Agreement, including, among other things, to (i) increase the Aggregate Commitments (as defined in the Amended Credit Agreement) by $175,000,000 to an aggregate amount of $1,000,000,000, (ii) reduce the interest rate margins applicable to loans outstanding under the credit facility by fifty (50) basis points

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Jefferson Capital, Inc. / DE filing history →

Source: SEC EDGAR

accession 0001104659-25-103361

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