JMP Group Announces Partial Redemption of 8.00% Senior Notes Due 2023
18 Junio 2019 - 3:52PM
Business Wire
JMP Group LLC (NYSE: JMP), an investment banking and alternative
asset management firm, announced today that its wholly owned
subsidiary, JMP Group Inc., has given notice of its intention to
redeem $11.0 million principal amount (440,000 Units) of its 8.00%
Senior Notes due 2023 (CUSIP No. 46629U 206; NYSE: JMPB) (the “2023
Notes”) on July 18, 2019 (the “Redemption Date”). As of June 18,
2019, $36,000,000 in aggregate principal amount of the 2023 Notes
were outstanding. The redemption is being made pursuant to the
terms of the 2023 Notes and the indenture governing the 2023 Notes.
The redemption price per 2023 Note will be $25 plus accrued and
unpaid interest up to, but excluding, the Redemption Date. The
redeemed 2023 Notes will be cancelled and not subject to
reissuance.
JMP Group Inc. instructed U.S. Bank National Association, as the
trustee for the 2023 Notes, to distribute a Notice of Redemption on
June 18, 2019, to all currently registered holders of the 2023
Notes. Copies of such Notice of Redemption and additional
information relating to the procedure for redemption of the 2023
Notes may be obtained from U.S. Bank National Association by
calling (800) 934-6802 (toll-free). JMP Group Inc. will use
available cash to redeem the 2023 Notes.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995, including, but not limited to, statements relating to the
expected redemption of the 2023 Notes. Forward-looking statements
provide JMP Group’s current expectations or forecasts about future
events, including beliefs, plans, objectives, intentions,
assumptions and other statements that are not historical facts.
Forward-looking statements are subject to known and unknown risks
and uncertainties that could cause actual results to differ
materially from those expected or implied by the forward-looking
statements. The company’s actual results could differ materially
from those anticipated in forward-looking statements for many
reasons, including the factors described in the sections entitled
“Risk Factors” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” in the company’s
Form 10-K for the year ended December 31, 2018, as filed with the
U.S. Securities and Exchange Commission on March 28, 2019. Such
forward-looking statements speak only as of the date of this press
release. Unless required by law, JMP Group undertakes no obligation
to publicly update or revise any forward-looking statement to
reflect circumstances or events after the date of this press
release.
About JMP Group
JMP Group LLC is a diversified capital markets firm that
provides investment banking, equity research, and sales and trading
services to corporate and institutional clients as well as
alternative asset management products and services to institutional
and high-net-worth investors. JMP Group conducts its investment
banking and research, sales and trading activities through JMP
Securities; its hedge fund, venture capital and private capital
activities through Harvest Capital Strategies and JMP Asset
Management; and the management of Harvest Capital Credit
Corporation (NASDAQ: HCAP), a business development company, through
HCAP Advisors. For more information, visit www.jmpg.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190618006032/en/
Investor Relations ContactJMP Group LLC
Andrew Palmer(415) 835-8978apalmer@jmpg.com
Media Relations ContactsDukas Linden Public Relations,
Inc.
Zach Leibowitz(646) 722-6528zach@dlpr.com
Alyssa Noud(646) 722-6525alyssa@dlpr.com
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