JMP Group to redeem $10 million of 7.25% notes due 2027

By Taylor Fox

New York, Jan. 4 – JMP Group LLC’s wholly owned subsidiary JMP Group Inc. plans to redeem $10 million, or 400,000 units, of its 7.25% senior notes due 2027 (Cusip: 466273109), according to a news release.

The notes will be redeemed on Feb. 4 at a price of $25.00 plus interest.

As of Monday, $50 million of the notes are outstanding.

U.S. Bank NA (800 934-6802) is the trustee.

JMP Group is an investment banking and alternative asset management firm based in San Francisco.

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