---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-128080"
form_type: "8-K"
ticker: "HNNA"
cik: "0001145255"
company_name: "HENNESSY ADVISORS INC"
filed_at: "2021-10-20T23:59:59+00:00"
generated_at: "2026-06-28T19:32:38.561850+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hennessy Advisors closes $40.25M 4.875% notes due 2026; net proceeds ~$39M for acquisitions or buybacks

## Summary
- Completed offering of $40.25M aggregate principal of 4.875% Notes due 2026, including full exercise of underwriters' option for $5.25M.
- Net proceeds of ~$39M after underwriting discounts; use for acquisitions, share repurchases or general corporate purposes.
- Notes priced at 100%, interest payable quarterly, mature Dec 31, 2026; redeemable at company's option after Dec 31, 2023.
- Received investment-grade rating 'A' from Egan-Jones; notes to trade on Nasdaq under symbol HNNAZ within 30 days.
- Pro forma balance sheet shows cash of $52.5M, total assets $138.3M post-offering.

## SEC filing metadata
- accession: 0001104659-21-128080
- form_type: 8-K
- ticker: HNNA
- cik: 0001145255
- company_name: HENNESSY ADVISORS INC
- filed_at: 2021-10-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145255/000110465921128080/0001104659-21-128080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145255/000110465921128080/tm2128106d13_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-128080
- JSON: https://secwatch.observer/filing/0001104659-21-128080.json
- Plain text: https://secwatch.observer/filing/0001104659-21-128080.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.