Cowen to redeem 7.35% notes due 2027, 3% convertibles due 2022

By Wendy Van Sickle

Columbus, Ohio, March 24 – Cowen Inc. will redeem its outstanding $138 million of 7.35% senior notes due 2027 and $88.1 million of 3% senior convertible notes due 2022, according to a news release.

The redemptions will be funded using some proceeds of a new $300 million term loan due 2028.

Cowen is a New York-based investment bank and financial services company.

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