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Evercore closes private placement of senior notes

Evercore Inc. completed a private placement offering of about $206 million of unsecured senior notes.

The securities include $75 million of 4.34% series E senior notes due 2029, $60 million of 4.44% series F senior notes due 2031, $40 million of 4.54% series G senior notes due 2033 and £25 million of 3.33% series H senior notes due 2033. The senior notes reflect a weighted average life of 12 years and a weighted average stated interest rate of 4.26%. Interest on the notes, which are guaranteed by certain of Evercore's domestic subsidiaries, will be paid semiannually.

The investment banking advisory firm plans to use the proceeds from the senior notes to fund investments in its business, including facilities and technology, and for other general corporate purposes.