Ladenburg Thalmann Financial Services’ $73.5 Million Notes Offering

Holland & Knight advised Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS, LTS PrA), a publicly-traded diversified financial services company based in Miami, Fla., in its approximately $73.5 million public offering of 6.50% senior notes due 2027.

The offering was finalized on Dec. 12, 2017.

The offering featured a unique security called a “baby bond,” which were sold to public investors, including retail investors, in denominations of $25. Ladenburg’s baby bonds are traded on the NYSE American stock exchange and were rated investment grade.

Ladenburg Thalmann & Co. Inc., a subsidiary of the company, acted as sole book-running manager for the offering; BB&T Capital Markets, a division of BB&T Securities, LLC, and Incapital LLC acted as lead managers; and EarlyBirdCapital, Inc., Barrington Research Associates, Inc. and Brookline Capital Markets, a division of CIM Securities, LLC, acted as co-managers for the offering.

Ladenburg Thalmann & Co. Inc. provides investment banking and securities brokerage services to middle-market and emerging growth companies. The firm, led by Peter H. Blum, David Rosenberg, Diane Marie Chillemi, Joseph Giovanniello Jr. and Jonathan Intrater, offers public offerings, private placements, fairness and solvency opinions, and mergers and acquisitions advisory services.

Holland & Knight Partner Bradley Houser (Picture) and Associate Shane Segarra led the firm’s representation of Ladenburg.

Involved fees earner: Bradley Houser – Holland & Knight; Shane Segarra – Holland & Knight;

Law Firms: Holland & Knight;

Clients: Ladenburg Thalmann Financial Services Inc.;


Author: Ambrogio Visconti