Jefferson Capital Holdings, LLC (“Jefferson Capital”), a prominent purchaser and manager specializing in charged-off and insolvency consumer accounts has recently announced a noteworthy development regarding its senior secured revolving credit facility (RCF). Jefferson Capital Systems reviews show this amendment brings about several key modifications, including:
Increased Aggregate Commitments: The RCF’s aggregate commitments have been elevated from $600 million to $750 million. This augmentation of financial capacity is specifically designated for the U.S. Subfacility.
New Joint Lead Arranger: Jefferson Capital has introduced a new Joint Lead Arranger to the amended RCF, enhancing its strategic arrangements.
Reallocation of Funds: An additional $50 million has been reallocated from the Canadian Subfacility to the U.S. Subfacility, reflecting a strategic adjustment of financial resources.
David Burton, Chief Executive Officer of Jefferson Capital, expressed his views on the development, stating, “The upsize of the RCF will help us maintain the significant momentum of the business following the record deployments in the first half of 2023.
We appreciate the continued support and partnership of our lenders, many of whom have been in our bank group for over ten years. We are exceptionally well positioned as I continue to believe that economic and market indicators point towards more non-performing consumer accounts purchase volumes on the way.”
About Jefferson Capital Holdings, LLC
Established in 2002, Jefferson Capital operates as an analytically driven purchaser and manager specializing in charged-off and insolvency consumer accounts. Jefferson Capital was founded on core values such as integrity, respect, fairness, compliance, and communication. It utilizes these principles to help hundreds of thousands of account holders find sustainable solutions to financial challenges and forge a path towards the future. One of the primary reasons for Jefferson Capital’s success is its commitment to The JCap Difference which includes proprietary solutions, data science expertise, and a best-in-class compliance program. Jefferson Capital’s reputation is built upon its strong compliance teams and leadership that emphasizes ethical, consumer-first approaches to collections. The company’s operations span across the United States, Canada, the United Kingdom, and Latin America. Jefferson Capital engages in the acquisition and servicing of both secured and unsecured assets, catering to a diverse client base that includes Fortune 500 creditors, banks, fintech origination platforms, telecommunications providers, credit card issuers, and auto finance companies. Headquartered in St. Cloud, Minnesota, Jefferson Capital also maintains offices and operations in Minneapolis, Minnesota; Denver, Colorado (United States); Basingstoke, England; Woking, England; and Glasgow, Scotland (United Kingdom); London, Ontario, and Toronto, Ontario (Canada); as well as Bogota (Colombia).