Jefferson Capital Stockholders Launch Secondary Offering Of 10M Shares Of Common Stock; To Repurchase And Retire 3M Shares Concurrently

Jefferson Capital, Inc. (NASDAQ:JCAP) ("Jefferson Capital"), a leading analytically driven purchaser and manager of charged-off, insolvency and active consumer accounts, today announced that certain of its existing stockholders intend to offer for sale in an underwritten secondary offering 10,000,000 shares of Jefferson Capital's common stock. In addition, the underwriters of the offering will have a 30-day option to purchase from the selling stockholders up to 1,500,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. The selling stockholders will receive all of the net proceeds from this offering.

As part of the secondary offering, Jefferson Capital intends to concurrently purchase from the underwriters 3,000,000 shares of common stock at a per-share purchase price equal to the price payable by the underwriters to the selling stockholders in the proposed offering. The repurchased shares of common stock will be retired and will no longer be outstanding after the proposed offering. The completion of the share repurchase is contingent on the satisfaction of customary closing conditions and conditioned upon the completion of the proposed offering.

Jefferies and Keefe, Bruyette & Woods, A Stifel Company, are acting as joint-lead book-running managers for the proposed offering. Citizens Capital Markets, Raymond James, Truist Securities, Capital One Securities, DNB Carnegie, FHN Financial Securities Corp., ING Financial Markets LLC, KeyBanc Capital Markets, Regions Securities LLC, Synovus Securities, Inc. and Texas Capital Securities are acting as book-running managers for the proposed offering.