Jefferies Boosts Yield on IPS Loan for Private Equity Payout

Jefferies Financial Group Inc. sweetened the pricing of a debt sale for IPS Corp. that will help finance a dividend payment to Centerbridge Partners, the private equity firm that bought the company four years ago.

The bank pushed up the proposed yield to 4 percentage points over the benchmark rate, up from 3.75 percentage points, according to a person familiar with the matter. Commitments are due this afternoon.