Jefferson Capital Files 8-K: Issues $100M 8.25% Senior Notes Due 2030

What Happened
On August 20, 2026, Jefferson Capital Holdings, LLC (an indirect wholly‑owned subsidiary of Jefferson Capital, Inc.) issued $100 million aggregate principal amount of 8.250% Senior Notes due May 15, 2030. The notes were issued under the company’s existing indenture, as supplemented, and are guaranteed on an unsecured senior basis by JCAP Funding Intermediate LLC, Canaccede U.S. Holdings LLC and CFG Canada Funding Intermediate, LLC. Interest accrues at 8.250% per year, paid semiannually on May 15 and November 15 beginning November 15, 2026.

Key Details

• Issuance date: August 20, 2026; Aggregate principal: $100.0 million.
• Coupon and payments: 8.250% annual interest, payable semiannually (May 15 / Nov 15), first payment Nov 15, 2026.
• Maturity and calls: Matures May 15, 2030; callable in whole/part on or after May 15, 2027 at specified prices; prior to May 15, 2027 redemption options include 100% principal plus make‑whole or up to 40% at 108.250% with certain equity proceeds.
• Use of proceeds: Primarily to repay a portion of outstanding borrowings under the Issuer’s Revolving Credit Facility; any remaining proceeds for general corporate purposes.
• Placement: Offered to qualified institutional buyers under Rule 144A or to non‑U.S. persons under Regulation S; notes are not registered under the Securities Act.

Why It Matters
This is a debt financing event that increases the company’s longer‑term fixed‑rate obligations by $100 million and is intended to reduce short‑term revolver borrowings. For investors, important implications include a higher fixed interest burden (8.25% coupon) and potential changes to leverage and liquidity depending on how much revolver debt is repaid and whether the company reborrows under the revolver in the future. The notes carry customary covenants, guarantees by subsidiaries and standard default provisions described in the indenture.