SMBC Group to increase equity stake in Jefferies to up to 20%; provides ~$2.5B in new credit facilities

Jefferies Financial Group Inc.

SMBC may increase economic ownership to 20% (as-converted, fully diluted) via open-market purchases and exchanges, up from ~14.5%.
New credit facilities: €690M European senior secured revolver, $500M pre-IPO facility, $1B secured funding, and revolver raised to $700M.
MOU signed to form Japan equities JV (research, sales, trading, ECM); expected to begin serving clients in January 2027.
Joint sponsor coverage expanded in EMEA for syndicated leveraged finance origination, underwriting and execution.
SMBC subject to standstill limiting ownership to 20% of voting common; transfer restrictions on pre-agreement equity until Sep 19, 2028.

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