JMP Group calls $15 million more 7.25% $25-par notes due 2027 at par

By Wendy Van Sickle

Columbus, Ohio, June 16 – JMP Group LLC announced that wholly owned subsidiary JMP Group Inc. has issued a redemption notice to holders of its 7.25% senior notes due 2027 (Cusip: 466273109).

JMP will redeem $15 million of the $25-par notes on July 19 at par plus accrued interest to the redemption date, according to a press release.

As of June 17, $40 million of the notes were outstanding. The company previously called $10 million of the notes for redemption on June 25, which redemption is still set to proceed.

U.S. Bank NA is trustee.

JMP Group is a diversified capital markets firm based in San Francisco.

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