Cowen inc. completes the private placement of an additional $25 million aggregate principal amount of the company’s 7.25% senior notes due may 6, 2024

On september 30, 2019, cowen inc. completed the private placement of an additional $25 million aggregate principal amount of the company’s 7.25% senior notes due may 6, 2024 (the “notes”) pursuant to several note purchase agreements (the “note purchase agreements”) with certain institutional investors. the notes were purchased at a premium with an effective interest rate of 6.75%. the note purchase agreements are substantially similar to the form of note purchase agreement previously filed as exhibit 4.1 to that certain current report on form 8-k, which was filed with the securities and exchange commission (the “sec”) on april 29, 2019 and which is incorporated herein by reference. the notes comprise the same series of notes as the $53 million aggregate principal amount of 7.25% senior notes due may 6, 2024 that the company issued on may 6, 2019.
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