JMP Group LLC Announces Full Redemption of 6.875% Senior Notes Due 2029 and Satisfaction and Discharge of Indenture
November 12, 2021 at 04:15 pm EST
JMP Group LLC announced that it has given notice of its intention to redeem all of the currently outstanding $36.0 million principal amount of its 6.875% Senior Notes due 2029 (CUSIP No. 46629U404) on December 13, 2021, following which they will be delisted from The Nasdaq Global Market. The redemption is being made pursuant to the terms of the 2029 Notes and the indenture governing the 2029 Notes. The redemption price per 2029 Note will be $25 plus accrued and unpaid interest up to, but excluding, the Redemption Date. Furthermore, the company has deposited sufficient funds with the trustee under the indenture governing the 2029 Notes, U.S. Bank National Association, to satisfy and discharge the 2029 Notes and the indenture with respect to the 2029 Notes, and the trustee has acknowledged such satisfaction and discharge.