Falcone's Harbinger Makes Early, Larger Interest Payment to Jefferies (JEF)
Tweet
Share
E-mailGet Alerts JEF Hot Sheet
Price: $54.26 +2.57%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.3%
Revenue Growth %: +1.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.3%
Revenue Growth %: +1.0%
Join SI Premium – FREE
Harbinger Capital Partners, run by Phil Falcone, is said to have made a $48 million payment on a $190 million loan from Jefferies Group (NYSE: JEF), according to headlines out Monday.
The payment was both a week-and-a-half early as well as one-half million dollars more than expected, according to Bloomberg.
In order to make the payment, Harbinger sold out of some of its holdings. Specific stocks or positions weren't disclosed at the time of print. No comment has also been made by Harbinger.
The next payment Harbinger will need to make in $47.5 million at the end of July, with the balance of the loan due out at the end of October.
The payment was both a week-and-a-half early as well as one-half million dollars more than expected, according to Bloomberg.
In order to make the payment, Harbinger sold out of some of its holdings. Specific stocks or positions weren't disclosed at the time of print. No comment has also been made by Harbinger.
The next payment Harbinger will need to make in $47.5 million at the end of July, with the balance of the loan due out at the end of October.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies: Investment banking fees down 15% for major global banks
- XPO reports 3.7% rise in LTL tonnage per day for August 2026
- Hyperscale Data reports $0.95 net book value per share at June 30
Create E-mail Alert Related Categories
Corporate News, Hedge FundsRelated Entities
Harbinger Capital, Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
