Ladenburg partial greenshoe lifts 7% $25-par notes to $41.41 million

New York, June 25 – Ladenburg Thalmann Financial Services Inc. said the underwriters for its recent offering of 7% $25-par senior notes due 2028 exercised $1,412,375 of the $6 million over-allotment option, according to a 424B5 filing with the Securities and Exchange Commission.

The greenshoe increased the original $40 million sale to $41,412,375.

Ladenburg priced the original notes at par on May 22 and the overallotment option settled on June 22.

Ladenburg Thalmann & Co. Inc. was bookrunner with BB&T Capital Markets, Incapital LLC and Barrington Research Associates, Inc. as co-managers.

The notes trade on the NYSE American under the symbol “LTSF.”

Proceeds will be used for general corporate purposes.

Ladenburg is a Miami-based financial services company.

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