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Jane Street repaying US$5.5 billion loan in overhaul of debt load
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The Business Times
PHOTO: REUTERSJANE Street is repaying US$5.5 billion of floating-rate loans as part of a broader overhaul of its US$11 billion debt load.
A representative for Jane Street declined to comment.
Fitch’s long-term issuer default rating for Jane Street is BBB-, the lowest investment-grade level.
Jane Street has been buoyed by volatile markets as well as private, longer-term investments in artificial intelligence and technology firms.
Closely held companies such as Jane Street do not need to publicly disclose financial results.