HENNESSY ADVISORS INC: Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation under an Off-Balance Sheet Arrangement of a Holder, Disclosure of FD Settlement (Form 8-K)
Item 1.01 Conclusion of a Material Definitive Agreement
The 2026 tickets were sold in accordance with the company’s registration statement on Form S-1 (registration number 333-259750) filed with the
The public offering price of the 2026 Bonds was 100.0% of the principal amount (i.e.,
The 2026 Bonds bear interest at a rate of 4.875% per annum. Interest on the 2026 Notes is payable quarterly on
The Company may redeem the 2026 Bonds in whole or in part at any time or from time to time at its option on or after
The act also contains customary provisions in the event of defect and repair. If an uncorrected default occurs and continues, the Trustee or holders of at least 25% of the principal amount of the 2026 Notes may declare that the 2026 Notes are immediately due and payable.
The 2026 Notes are senior unsecured obligations of the Company and have a right of payment equal to that of existing and future unsecured and unsubordinated indebtedness of the Company.
The foregoing description of the 2026 Deed and Notes does not claim to be complete and is qualified in its entirety by reference to the full text of the 2026 Deed and Form of Notes. The basic deed, the first additional deed and Form 2026 Notes are filed as Exhibits 4.1, 4.2 and 4.3, respectively, of this current report on Form 8-K and are incorporated by reference into this report.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under a
Off-Balance Sheet Arrangement of a Registrant
The information relating to the 2026 Notes and the Indenture set out in Item 1.01 is incorporated by reference into this report.
Section 7.01 Regulation FD Disclosure
In addition, as Exhibit 99.2 of this current report on Form 8-K is data from the company’s unaudited pro forma condensed balance sheet and an explanatory note dated
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