Stifel Financial offers $100 million $25-par senior notes due 2047; price talk 5.25%-5.375%

By Stephanie N. Rotondo

Seattle, Sept. 27 – Stifel Financial Corp. is offering $100 million of $25-par senior notes due Oct. 15, 2047, the company said in a prospectus filed with the Securities and Exchange Commission on Wednesday.

Price talk is 5.25% to 5.375%, according to a market source.

Keefe Bruyette & Woods Inc., BofA Merrill Lynch and Morgan Stanley & Co. LLC are the joint bookrunners.

Interest will be payable on a quarterly basis. The notes become redeemable on Oct. 15, 2022 at par plus accrued interest.

The new notes will be listed on the New York Stock Exchange.

The St. Louis, Mo.-based financial holding company plans to use proceeds for general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.