Loan & DebtMay 28, 2026, 04:23 PM
Hennessy Advisors to Redeem $40.25M 4.875% Notes by June 30
AI Summary
Hennessy Advisors, Inc. announced the full redemption of its outstanding 4.875% notes due 2026. The company delivered a notice to the trustee on May 28, 2026, for the redemption of $40.25 million in principal amount. The redemption will occur on June 30, 2026, at 100% of the principal amount plus accrued interest, after which no notes will remain outstanding and they will be delisted from Nasdaq.
Key Highlights
- Hennessy Advisors issued a notice for the full redemption of its 4.875% notes due 2026.
- The aggregate outstanding principal amount of the notes is $40.25 million.
- The redemption date is set for June 30, 2026.
- The redemption price will be 100% of the outstanding principal amount plus accrued and unpaid interest.
- Following the redemption, no notes will remain outstanding.
- The notes will cease to be listed on The Nasdaq Stock Market.
Price Impact
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