NEW YORK, July 18, 2022 /PRNewswire/ -- 745 Capital LLC (the "Purchaser") previously announced a cash tender offer (the "Tender Offer") for up to $50,000,000.00 principal amount of the Ladenburg Thalmann Financial Services Inc. 6.50% Senior Notes Due 2027 (CUSIP No. 50575Q300) (NYSE symbol LTSL) (Bloomberg symbol LTSL <pfd>) (the "Notes") pursuant to the Purchaser's Offer to Purchase dated June 9, 2022 (the "Offer to Purchase") and related Letter of Transmittal (the "Letter of Transmittal").
The Purchaser announced today that it is amending the Offer to Purchase and extending the Expiration Time (as defined in the Offer to Purchase) until 5:00p.m., New York City time, on August 12, 2022, unless further extended or withdrawn. Previously tendered Notes may be validly withdrawn prior to the Expiration Time, as extended, in accordance with the Offer to Purchase, as amended.
The Tender Offer otherwise remains subject to the conditions in the Offer to Purchase, as amended, and Letter of Transmittal. Provided that the conditions to the Tender Offer have been satisfied or waived, payment for the Notes purchased in the Tender Offer will now be made on or about August 17, 2022.
This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The Purchaser is making the offer only by the terms of the Offer to Purchase, as amended, and Letter of Transmittal, copies of which may be obtained from D.F. King & Co., Inc., the tender and information agent for the Tender Offer, at LTSL@dfking.com or (800) 706-3274 or, for banks and brokers, at (212) 269-5550.
About 745 Capital LLC
745 Capital was incorporated in New York in 2022 and is not affiliated with Ladenburg Thalmann Financial Services Inc.
Forward-Looking Statements
This press release contains forward-looking statements, including those related to the completion of the Tender Offer. Forward-looking statements involve many risks and uncertainties that could significantly affect anticipated results in the future. The Purchaser is not under any obligation to update its forward-looking statements as a result of new information, future events or otherwise, except as required by law.
Contact: Michael Horthman (212) 232-3233
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SOURCE 745 Capital LLC
