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Jefferson Capital to repay some revolver and second-lien borrowings
By Sara Rosenberg
New York, July 26 – Jefferson Capital Holdings LLC plans to repay about $234 million of borrowings under its existing revolver credit facility and about $30 million of its second-lien term loan using proceeds from a $300 million senior notes offering, according to a market source.
The company also plans to use about $30 million of the notes proceeds to fund a shareholder distribution and the remainder, if any, for general corporate purposes.
Jefferson Capital is a St. Cloud, Minn.-based financial and business services company.
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