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Cowen prices debt offering

Cowen Inc. priced its public offering of $90 million of 7.75% senior notes due 2033.

The company granted the underwriters an option to buy about $10 million of additional notes.

Cowen plans to use the net proceeds from the offering for general corporate purposes, including any potential acquisitions, repurchases, repayments or redemptions of its debt securities or other debts.

The offering is expected to close June 11.

Morgan Stanley, UBS Investment Bank and Cowen are acting as joint book-running managers for the offering, and JMP Securities, Ladenburg Thalmann and Sandler O'Neill & Partners LP are serving as co-managers.