Cowen Group 8.25% Senior Notes Due 2021
By: Tim McPartland,
Date Issued 10/03/2014
Shares Issued 2,200,000 Overallotment Shares 330,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol COWNL
Market Traded ON NASDAQ
Interest Payment Paid on the 15th of January, April, July and October beginning on 01/15/2015
Quarterly Interest .5156 Annual Interest 2.0625
Securities may be redeemed, at the issuers option, at anytime, for the following amounts–
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Prior to October 15, 2017, redeemable, at the Issuer’s option, in whole at any time or in part from time to time, at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but not including, the redemption date, plus a Make-Whole Amount, if any.
“Make-Whole Amount” shall mean, in connection with any optional redemption of any Note, the excess, if any of (i) the present value as of the date of such redemption of (a) the redemption price of such Note on October 15, 2017 (such redemption price being described below in the next paragraph) plus (b) all remaining required interest payments due on such Note through and including the payment due on October 15, 2017(exclusive of any interest accrued to the redemption date), determined by discounting, on a quarterly basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined) (determined on the second Business Day preceding the redemption date) plus 50 basis points, over (ii) the aggregate principal amount of such Note being redeemed. |
Between 10/15/2017 and 10/14/2018 106.188%
Between 10/15/2018 and 10/14/2019 104.125%
Between 10/15/2019 and 10/14/2020 102.063%
Thereafter 100%
Interest Payment Will NOT be Qualified Distributions
Maturity Date 10/15/2021
Company Investor Relations Page for Cowen Group
Below you can find the offering Prospectus
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