BRIEF-Jefferies Discloses Facts About Western Alliance and Western Alliance’s Loan Solely Against First Brands Receivables

Reuters03-09
BRIEF-Jefferies Discloses Facts About <a href="https://laohu8.com/S/WALA">Western Alliance</a> and <a href="https://laohu8.com/S/WALPL">Western Alliance</a>’s Loan Solely Against First Brands Receivables

March 9 (Reuters) - Jefferies Financial Group Inc JEF.N:

  • JEFFERIES DISCLOSES FACTS ABOUT WESTERN ALLIANCE AND WESTERN ALLIANCE’S LOAN SOLELY AGAINST FIRST BRANDS RECEIVABLES

  • JEFFERIES FINANCIAL GROUP INC - WESTERN ALLIANCE MADE NON-RECOURSE LOANS WITH NO GUARANTEE FROM JEFFERIES FOR OVER 4 YRS

  • JEFFERIES FINANCIAL GROUP INC - EXPECTS NET IMPACT FROM MFS FACILITY TO BE LESS THAN $20 MILLION

  • JEFFERIES FINANCIAL GROUP INC - WESTERN ALLIANCE LOANS SECURED SOLELY BY FIRST BRANDS RECEIVABLES

  • JEFFERIES FINANCIAL GROUP INC - WESTERN ALLIANCE HAD NO RECOURSE BEYOND LAM TFG I SPV LLC ASSETS

  • JEFFERIES FINANCIAL GROUP INC - EUROPEAN SUBSIDIARY LOANED MFS £103 MILLION UNDER WAREHOUSE FACILITY

  • JEFFERIES FINANCIAL GROUP: IN NORMAL COURSE OF BUSINESS, ONE OF CO'S EUROPEAN SUBSIDIARIES LOANED MFS £103 MILLION

  • JEFFERIES FINANCIAL GROUP: BELIEVES THERE IS NO MERIT TO CLAIMS SEEKING TO RECOVER FROM JEFFERIES OR OTHER ENTITIES NOT OBLIGORS TO WESTERN ALLIANCE

  • JEFFERIES - WESTERN ALLIANCE REQUESTED GUARANTEES FROM JEFFERIES AND POINT BONITA FOR LAM TFG I SPV LOAN; REQUESTS DENIED

  • JEFFERIES FINANCIAL GROUP INC - RECOVERED 25% OF MFS FACILITY IN CASH, 40% SECURED BY VALID LOANS

  • JEFFERIES FINANCIAL GROUP: WESTERN ALLIANCE HAS BEEN REPAID MORE THAN HALF AMOUNT IT HAS LOANED

  • JEFFERIES: IMPACT OF FIRST BRANDS FRAUD ON JEFFERIES IS MANAGEABLE AND ANY LOSSES WILL BE READILY ABSORBED

Source text: ID:nBwb3RXK3a

Further company coverage: JEF.N

((Reuters.Briefs@thomsonreuters.com;))

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