NEW YORK & LONDON & HONG KONG--(BUSINESS WIRE)--Jefferies Group, Inc. announced today the establishment of a $950 million senior secured revolving credit facility to support the operations of its futures and commodities platform, Jefferies Bache. Jefferies Bache offers brokerage and clearing services in listed derivatives on all major futures and options exchanges around the world and also offers over-the-counter trading in foreign exchange, base and precious metals and energy and agricultural swap transactions. The new credit facility will replace the short-term secured loan facility provided in connection with Jefferies' acquisition of Prudential Bache from Prudential Financial, Inc. The borrowers under the new credit facility include Jefferies Bache, LLC, Jefferies Bache Limited and Jefferies Bache Financial Services, Inc.
Jefferies Group, Inc. (NYSE: JEF), a global securities and investment banking firm, has served companies and investors for nearly 50 years.