03:07 PM EDT, 08/22/2024 (MT Newswires) -- A group of lenders led by Jefferies Financial Group ( JEF ) is absorbing a loss of about $15 million after sweetening the terms of a loan for M2S Group Intermediate Holdings, Bloomberg reported Thursday.

Jefferies will take on about half the loss, according to the report, citing a person familiar with the matter.

The loan was underwritten by Jefferies, Wells Fargo ( WFC ) , Deutsche Bank ( DB ) and Macquarie Group, the report said. The loan was to fund an acquisition and refinance debt.

Representatives for Jefferies, Wells Fargo ( WFC ), Macquarie and Deutsche Bank ( DB ) declined Bloomberg's requests for comment, while M2S didn't immediately respond.

Jefferies, Wells Fargo ( WFC ), Deutsche Bank ( DB ) and M2S did not immediately reply to MT Newswires' requests for comment, while Macquairie declined to comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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