Jane Street Plans $14.6 Billion Senior Secured Notes Offering, Repaying $5.5 Billion Floating-Rate Loan and Restructuring $11 Billion Debt

Odaily Odaily News: Market maker Jane Street is repaying a $5.5 billion floating-rate loan as part of a broader restructuring of $11 billion in total debt. The company also plans to issue $14.6 billion in senior secured notes maturing in 2031, 2033, and 2036, respectively, to refinance $5.6 billion in bonds.

S&P has assigned a BB rating to Jane Street's upcoming debt transaction, two notches below investment grade, citing Jane Street's "consistently strong earnings track record" while noting the growing scale and scope of its trading operations.

Jane Street reported record trading revenue of $39.6 billion last year. Bloomberg previously reported that the company is in talks with institutions including Pacific Investment Management Company (PIMCO) regarding related financing arrangements. (Bloomberg)