JMP Group to redeem $11 million of 8% notes due 2023 on July 18

By Wendy Van Sickle

Columbus, Ohio, June 18 – JMP Group Inc. will redeem $11 million of its $36 million of outstanding 8% senior notes due 2023 on July 18, according to a press release from parent company JMP Group LLC.

The notes will be redeemed at par of $25 plus accrued interest up to but excluding the redemption date.

The company expects to fund the redemption using available cash.

U.S. Bank NA is the trustee.

JMP Group is a capital markets firm and asset manager based in San Francisco.

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