JMP Group Inc. (JMP: Quote) said Thursday that it is commencing an underwritten public offering of senior notes due 2023.
The underwriters will be granted a 30-day option to purchase additional senior notes to cover over-allotments, if any.
The company plans to use the net proceeds of the offering for general corporate purposes.
UBS Securities LLC, Stifel, Nicolaus & Company, Incorporated and JMP Securities LLC are acting as joint book-running managers, and Sterne, Agee & Leach, Inc., Keefe, Bruyette & Woods, Inc. and MLV & Co. LLC are acting as co-managers of the offering.
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by RTT Staff Writer
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