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Ladenburg Thalmann launches debt offering

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Ladenburg Thalmann launches debt offering

Ladenburg Thalmann Financial Services Inc. has started a public offering of senior notes due 2028, subject to market and other conditions.

Net proceeds will be used for general corporate purposes.

The company is planning to grant underwriters a 30-day option to purchase additional notes to cover overallotments, if any.

Ladenburg Thalmann & Co. Inc. is acting as sole book-running manager for the offering. BB&T Capital Markets, Incapital LLC and Barrington Research Associates Inc. are acting as co-managers.