Jefferson Capital to acquire credit card portfolio with face value of $488 million

* Jefferson Capital (NASDAQ:JCAP [https://seekingalpha.com/symbol/JCAP]) on Monday announced [https://seekingalpha.com/pr/20280040-jefferson-capital-to-acquire-credit-card-portfolio-with-face-value-of-488-million] that a wholly owned subsidiary has entered into a definitive asset purchase agreement to acquire a portfolio of credit card assets from affiliates of Bluestem Brands.
* As part of the transaction, Jefferson Capital will pay a gross purchase price of $302.8 million to acquire a revolving loan portfolio for which the ability to draw on the receivables has been suspended, with a face value of $488.2 million.
* At closing, the gross purchase price will be adjusted for interim portfolio cash flows (net of servicing expense and adjusted for new purchases) from a cut-off date of June 30, 2025 through the closing date.

MORE ON JEFFERSON CAPITAL, INC.

* Jefferson Capital: Strong Buy In A Growing NPL Market [https://seekingalpha.com/article/4819907-jefferson-capital-strong-buy-in-a-growing-npl-market]
* Historical earnings data for Jefferson Capital, Inc. [https://seekingalpha.com/symbol/JCAP/earnings]
* Dividend scorecard for Jefferson Capital, Inc. [https://seekingalpha.com/symbol/JCAP/dividends/scorecard]
* Financial information for Jefferson Capital, Inc. [https://seekingalpha.com/symbol/JCAP/income-statement]