JMP Group Inc. (JMP) announced that it has priced an underwritten public offering of $40.0 million aggregate principal amount of 8.00% senior notes.
JMP Group said net proceeds to the company after discounts and commissions but before expenses are approximately $38.7 million and it plans to use the net proceeds for general corporate purposes.
The notes will mature on January 15, 2023, and may be redeemed in whole or in part at any time or from time to time at the company's option on or after January 15, 2016, at a redemption price equal to the principal amount redeemed plus accrued and unpaid interest.
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