Jane Street seeks to convert $11 billion of debt into private credit.

According to informed sources, Jane Street is in talks with a group of investors regarding a private credit deal. The transaction will restructure the company's $11 billion debt, reducing the scope of financial information disclosed to market participants. The source indicated that the market-making giant, which generated $39.6 billion in trading revenue last year, is negotiating debt refinancing with several companies, including Pimco, planning to shift the debt from the public market to a private instrument. One of the insiders mentioned that this deal, which could be as large as $15 billion and conducted privately, is expected to finalize terms in the coming days, although details may still change. The transaction will provide Jane Street with financial flexibility to invest in private companies and artificial intelligence infrastructure, as well as trade across various markets.