By Stephanie N. Rotondo
Phoenix, Jan. 17 - JMP Group Inc. is offering $40 million of 8% $25-par senior notes due Jan. 15, 2023, the company said in a an FWP filed with the Securities and Exchange Commission on Thursday.
UBS Securities LLC, Stifel Nicolaus & Co. Inc. and JMP Securities LLC are the joint bookrunners.
The notes become callable on or after Jan. 25, 2016 at par plus accrued interest.
Proceeds will be used for general corporate purposes.
JMP Group is a San Francisco-based investment banking and alternative asset management firm.
| Issuer: | JMP Group Inc.
|
| Securities: | Senior notes
|
| Amount: | $40 million
|
| Greenshoe: | $6 million
|
| Maturity: | Jan. 15, 2023
|
| Bookunners: | UBS Securities LLC, Stifel Nicolaus & Co. Inc., JMP Securities LLC
|
| Co-managers: | Stern Agee & Leach Inc., Keefe, Bruyette & Woods Inc. U.S. Bank NA and MLV & Co. LLC
|
| Coupon: | 8%
|
| Price: | Par of $25
|
| Yield: | 8%
|
| Talk: | Around 8%
|
| Call options: | On or after Jan. 25, 2016 at par plus accrued interest
|
| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 25
|
| Cusip: | 46629U206
|
© 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.
