Jefferson Capital to Acquire Credit Card Portfolio with Face Value of $488 Million

MINNEAPOLIS, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Jefferson Capital, Inc. (NASDAQ: JCAP) (“Jefferson Capital”), a leading analytically driven purchaser and manager of charged-off and insolvency consumer accounts, announced today 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 (“Bluestem”). 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 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.

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