Ladenburg Thalmann Prices New Baby Bonds

Financial services company Ladenburg Thalmann (AMEX:LTS) has priced a new issue of baby bonds with a coupon of 7% and a maturity date of 2028.  This issue will be a quarterly paying security.

The issue is small in size with just $40 million being sold (1,604,000 shares/bonds).  Another 240,000 shares are reserved for overallotment.

The shares will trade on the AMEX under ticker LTSF.  It is likely it will be 1-2 weeks before trading begins as the offering is not expected to close until 5/30/2018.  There will be no OTC trading prior to permanent AMEX listing.

The term sheet on the pricing is here.


One thought on “Ladenburg Thalmann Prices New Baby Bonds”

Comments are closed.