Hennessy Advisors to sell up to $40.25 million of senior notes due 2026

Chicago, Oct. 12 – Hennessy Advisors, Inc. filed an S-1 filing with the Securities and Exchange Commission on Tuesday to register up to $40.25 million of $25-par senior notes due 2026.

The maximum amount registered includes $5.25 million of notes that may be sold pursuant to an over-allotment option for 30 days, beyond the original $35 million.

As previously reported, the notes can be redeemed at par, plus interest, starting in 2023.

The issuer will list the notes on the Nasdaq exchange.

Oppenheimer & Co. Inc. is the bookrunning manager. Janney Montgomery Scott LLC is helping to underwrite the offering.

U.S. Bank NA is the trustee.

The notes are expected to be listed on the Nasdaq Global Market as “HNNAZ.”

Proceeds will be used for general corporate purposes, which may include future acquisitions and/or repurchase of shares of common stock pursuant to a self-tender offer.

Hennessy Advisors, Inc. is an investment manager based in Novato, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.