By Taylor Fox
New York, Jan. 13 – Wedbush Financial Services, LLC, the parent company of Wedbush Securities Inc., closed a private placement of $50 million, 5.5% senior notes due 2026 (Kroll: BBB-), according to a news release.
Financial Institutions Investment Banking Group acted as placement agent.
Los Angeles-based Wedbush focuses on retail and institutional sales, clearing services, equity research, corporate and municipal finance, equity market making, fixed income trading and wealth management.
| Issuer: | Wedbush Financial Services, LLC
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| Issue: | Senior notes
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| Amount: | $50 million
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| Coupon: | 5.5%
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| Maturity: | 2026
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| Placement agent: | Financial Institutions Investment Banking Group
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| Rating: | Kroll: BBB-
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| Announcement date: | Jan. 13
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| Distribution: | Private placement
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