Ladenburg Thalmann Financial Services Inc just filed a prospectus, suggesting it plans to soon issue some securities

Ladenburg Thalmann Financial Services Inc just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:

424B5 1 form424b5.htm   Filed pursuant to Rule 424(b)(5) Registration No. 333-216733   PROSPECTUS SUPPLEMENT (To Prospectus dated April 27, 2017)   $60,000,000     7.25% Senior Notes due 2028   Ladenburg Thalmann Financial Services Inc. is offering $60,000,000 principal amount of our 7.25% Senior Notes due 2028 (the “Notes”) as described in this prospectus supplement and the accompanying base prospectus. Interest on the Notes will accrue from August 16, 2018 and will be paid quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, commencing on September 30, 2018. The Notes will mature on September 30, 2028. We may redeem the Notes in whole or in part on or after September 30, 2021, at our option, at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest to, but excluding, the date of redemption, as described under “Description of the Notes — Optional Redemption.” The Notes will be issued in denominations of $25 and in integral multiples thereof.   The Notes will be our senior unsecured obligations and will rank equal in right of payment with all of our existing and future senior unsecured and unsubordinated indebtedness, including, but not limited to, our outstanding 6.50% Senior Notes due 2027 (“2027 Notes”), our outstanding 7.00% Senior Notes due 2028 (the “2028 Notes”) and any 2027 Notes, 2028 Notes or additional Notes we may issue in the future. The Notes will be effectively subordinated in right of payment to all of our existing and future secured indebtedness, and the Notes will be structurally subordinated to all existing and future indebtedness of our subsidiaries.   Investing in the Notes involves a high degree of risk. You should carefully consider the risks described under “Risk Factors” beginning on page S-8 of this prospectus supplement and in the documents incorporated by reference in this prospectus supplement and the accompanying base prosp

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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