JMP Group Announces Full Redemption of 7.25% Senior Notes Due 2021
JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that its wholly owned
subsidiary, JMP Group Inc., has given notice of its intention to redeem all of the currently outstanding $48.3 million principal
amount of its 7.25% Senior Notes due 2021 (CUSIP No. 46629U 305; NYSE: JMPC) (the “2021 Notes”) on December 28, 2017 (the
“Redemption Date”), following which they will be delisted from the New York Stock Exchange. The redemption is being made pursuant
to the terms of the 2021 Notes and the indenture governing the 2021 Notes. The redemption price per 2021 Note will be $25 plus
accrued and unpaid interest to, but excluding, the Redemption Date.
The company has instructed U.S. Bank National Association, as the trustee for the 2021 Notes, to distribute a Notice of
Redemption to all currently registered holders of the 2021 Notes on November 28, 2017. Copies of such Notice of Redemption and
additional information relating to the procedure for redemption of the 2021 Notes may be obtained from U.S. Bank National
Association by calling (800) 934-6802 (toll-free).
The company expects to use the net proceeds from its offering of 7.25% Senior Notes due 2027, which closed on November 28, 2017,
together with existing unrestricted cash, to redeem the 2021 Notes and to pay related expenses.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of
these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of
1995, including, but not limited to, statements relating to the expected redemption of the 2021 Notes. Forward-looking statements
provide JMP Group’s current expectations or forecasts about future events, including beliefs, plans, objectives, intentions,
assumptions and other statements that are not historical facts. Forward-looking statements are subject to known and unknown risks
and uncertainties that could cause actual results to differ materially from those expected or implied by the forward-looking
statements. The company’s actual results could differ materially from those anticipated in forward-looking statements for many
reasons, including the factors described in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” in the company’s Form 10-K for the year ended December 31, 2016, as filed with the
U.S. Securities and Exchange Commission on March 14, 2017, and other factors described in the section entitled “Risk Factors” in
the company’s preliminary prospectus supplement related to the offering filed with the SEC on the date of this press release as
well as in the similarly captioned sections of other periodic reports filed by the company under the Exchange Act. Such
forward-looking statements speak only as of the date of this press release. Unless required by law, JMP Group undertakes no
obligation to publicly update or revise any forward-looking statement to reflect circumstances or events after the date of this
press release.
About JMP Group
JMP Group LLC is a diversified capital markets firm that provides investment banking, equity research, and sales and trading
services to corporate and institutional clients as well as alternative asset management products and services to institutional and
high-net-worth investors. JMP Group conducts its investment banking and research, sales and trading activities through JMP
Securities; its hedge fund, venture and private capital, and credit management activities though Harvest Capital Strategies, JMP
Asset Management and JMP Credit Advisors; and the management of Harvest Capital Credit Corporation (NASDAQ: HCAP), a business
development company, through HCAP Advisors. For more information, visit www.jmpg.com.
Investor Relations Contact
JMP Group LLC
Andrew Palmer, 415-835-8978
apalmer@jmpg.com
or
Media Relations Contacts
Dukas Linden Public Relations, Inc.
Ben Jaffe, 212-704-7385
ben@dlpr.com
Zach Leibowitz, 212-704-7385
zach@dlpr.com
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