Jefferies Financial Group Inc. Announces the Early Results of Its Tender Offer for Certain Outstanding Senior Notes

Jefferies Financial Group Inc. (NYSE:JEF) (“JFG”) today announced the early results of the previously announced cash tender offer (the “Tender Offer”) to purchase any and all $750 million outstanding aggregate principal amount of its 5.5% Senior Notes due 2023 (the “Notes”). Approximately $301.6 million in aggregate principal amount of Notes were validly tendered and not validly withdrawn on or prior to 5:00 p.m., New York City time, on October 22, 2021, the early tender date for the Tender Offer (the “Early Tender Date”). The terms of the Tender Offer are described in the Offer to Purchase, dated October 8, 2021 (the “Offer to Purchase”).

The following table sets forth certain information regarding the Notes and the Tender Offer, including the aggregate principal amount of Notes that were validly tendered and not validly withdrawn on or prior to the Early Tender Date, as were reported by D.F. King, the tender agent:

Title of Security	Principal Amount Outstanding	CUSIP Number	Principal Amount Tendered
5.5% Senior Notes due 2023	$750,000,000	527288BE3	$301,624,000

JFG’s obligation to accept for purchase and to pay for the Notes validly tendered and not validly withdrawn pursuant to the Tender Offer is subject to the satisfaction or waiver, in JFG’s discretion, of certain conditions, which are more fully described in the Offer to Purchase.

The consideration paid in the Tender Offer for Notes validly tendered and not validly withdrawn and accepted for purchase will be determined in the manner described in the Offer to Purchase (the “Total Cash Payment”). Holders of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date and accepted for purchase are eligible to receive the applicable Total Cash Payment, which includes an early tender premium of $2.00 per $1,000 principal amount of the Notes accepted for purchase (the “Early Tender Premium”).

The Total Cash Payment will be determined at 3:00 p.m., New York City time, on October 25, 2021 (the “Price Determination Date”). JFG will issue a press release after the Total Cash Payment is determined to announce the Total Cash Payment payable in connection with the Tender Offer.