NEW YORK, Nov. 19, 2020 /CNW/ - Oppenheimer Holdings Inc.
("OPY") today announced that it has extended its offer to the
holders of the $125.0 million
aggregate principal amount of its 5.50% Senior Secured Notes due
2025, issued September 22, 2020, to
exchange such notes for a like principal amount of notes with
identical terms other than that such new notes have been registered
under the Securities Act of 1933, as amended.
The exchange offer, which had been scheduled to expire on
November 18, 2020 at 5:00 p.m., New York
City time, will now expire at 5:00
p.m., New York City time,
on Monday, November 23, 2020, unless
further extended by OPY. All other terms, provisions and
conditions of the exchange offer will remain in full force and
effect. The Bank of New York Mellon Trust Company, N.A. has
been appointed as exchange agent for the exchange offer.
OPY said it has been informed by the exchange agent that, as of
5:00 p.m., New York City time, on November 18, 2020, $124,550,000.00 in aggregate principal amount of
its 5.50% Senior Secured Notes due 2025 had been tendered in the
exchange offer. This amount represents approximately 99.640%
of the outstanding 5.50% Senior Secured Notes due 2025.
This press release shall not constitute an offer to sell or
the solicitation of an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction.
Oppenheimer Holdings Inc., through its operating subsidiaries,
is a leading middle market investment bank and full service
broker-dealer that is engaged in a broad range of activities in the
financial services industry, including retail securities brokerage,
institutional sales and trading, investment banking (corporate and
public finance), equity and fixed income research, market-making,
trust services, and investment advisory and asset management
services. With roots tracing back to 1881, the Company is
headquartered in New York and has
93 retail branch offices in the United
States and has institutional businesses located in
London, Tel Aviv, and Hong
Certain statements in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including, but not
limited to, OPY's ability to consummate the offering described in
this press release. OPY cautions that a number of important factors
could cause OPY's actual future results and other future
circumstances to differ materially from those expressed in any
forward-looking statements. Such factors include, but are not
limited to, OPY's ability to consummate the exchange offer and the
other factors identified in "Factors Affecting 'Forward-Looking
Statements'" and Part 1A—"Risk Factors" in OPY's Annual Report on
Form 10-K for the year ended December
31, 2019. OPY does not undertake any obligation to
release publicly any revisions to forward-looking statements made
by it to reflect events or circumstances occurring after the date
hereof or the occurrence of unanticipated events.
SOURCE Oppenheimer Holdings Inc.