MIAMI (January 24, 2018) – Holland & Knight advised Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS, LTS PrA), a publicly-traded diversified financial services company based in Miami, Fla., in its approximately $73.5 million public offering of 6.50% senior notes due 2027. The offering was finalized on Dec. 12, 2017.
The offering featured a unique security called a “baby bond,” which were sold to public investors, including retail investors, in denominations of $25. Ladenburg’s baby bonds are traded on the NYSE American stock exchange and were rated investment grade.
Ladenburg Thalmann & Co. Inc., a subsidiary of the company, acted as sole book-running manager for the offering; BB&T Capital Markets, a division of BB&T Securities, LLC, and Incapital LLC acted as lead managers; and EarlyBirdCapital, Inc., Barrington Research Associates, Inc. and Brookline Capital Markets, a division of CIM Securities, LLC, acted as co-managers for the offering.
Holland & Knight Partner Bradley Houser and Associate Shane Segarra led the firm's representation of Ladenburg.
Please note that email communications to the firm through this website do not create an attorney-client relationship between you and the firm. Do not send any privileged or confidential information to the firm through this website. Click "accept" below to confirm that you have read and understand this notice.