debt
confidence high
sentiment neutral
materiality 0.55
Hennessy Advisors prices $35M offering of 4.875% notes due 2026
HENNESSY ADVISORS INC
- Priced $35M aggregate principal of 4.875% unsecured notes due Dec 31, 2026.
- Underwriters have 30-day option to purchase up to $5.25M additional notes.
- Notes to list on Nasdaq under symbol HNNAZ; interest payable quarterly starting Dec 31, 2021.
- Net proceeds for general corporate purposes, including acquisitions or share repurchases via tender offer.
- Oppenheimer & Co. acts as book-running manager; Janney Montgomery Scott as co-manager.