Company Website:
http://www.jmpg.com
SAN FRANCISCO -- (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., is commencing an
underwritten public offering of senior notes due 2027. The company
intends to use a portion of the net proceeds of the offering to redeem
some or all of its outstanding 7.25% Senior Notes due 2021 or 8.00%
Senior Notes due 2023, or both, following the completion of the offering
and the remainder for general corporate purposes.
UBS Securities LLC and Morgan Stanley & Co. LLC are acting as joint
bookrunning managers of the offering; JMP Securities LLC and Barrington
Research Associates, Inc. are acting as co-managers. The underwriters
may be granted a 30-day option to purchase additional senior notes to
cover overallotments, if any.
This offering is being made only by the prospectus and prospectus
supplement related to this offering. The notes will be issued pursuant
to an effective shelf registration statement previously filed on Form
S-3 with the U.S. Securities and Exchange Commission. The preliminary
prospectus supplement, accompanied by the base prospectus related to the
offering, has been filed with the SEC and is available on the SEC’s
website at www.sec.gov.
Copies of the preliminary prospectus supplement and the accompanying
prospectus may also be obtained from UBS Securities LLC, Attn:
Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019,
by telephone at (888) 827-7275, or Morgan Stanley & Co. LLC, Attn:
Prospectus Department, 180 Varick Street, New York, NY 10014, by
telephone at (800) 584-6837.
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 proposed
offering of senior notes and the anticipated use of the net proceeds
from the offering. 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, 2016, as filed with the U.S. Securities and
Exchange Commission on March 14, 2017, and other factors described in
the section entitled “Risk Factors” in the company’s preliminary
prospectus supplement related to the proposed offering filed with the
SEC on the date of this press release as well as in the similarly
captioned sections of other periodic reports filed by the company under
the Exchange Act. 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
and private capital, and credit management activities though Harvest
Capital Strategies, JMP Asset Management and JMP Credit Advisors; and
the management of Harvest Capital Credit Corporation (NASDAQ: HCAP), a
business development company, through HCAP Advisors. For more
information, visit www.jmpg.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171120005672/en/
Contacts:
Investor Relations
JMP Group LLC
Andrew Palmer,
415-835-8978
apalmer@jmpg.com
or
Media
Relations
Dukas Linden Public Relations, Inc.
Ben Jaffe,
212-704-7385
ben@dlpr.com
or
Zach
Leibowitz, 212-704-7385
zach@dlpr.com
Source: JMP Group LLC
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