JPMorgan Chase & Co JPMorgan Chase Completes Debt Offering Co-Managed Exclusively by Veteran Business Enterprises
10 June 2015 - 1:36AM
UK Regulatory
TIDMJPM
JPMorgan Chase & Co. (NYSE:JPM) today announced that it had
completed the first-ever debt offering co-managed exclusively by a
group of U.S. military veteran-owned broker-dealers. The $1.75
billion subordinated notes offering by JPMorgan Chase was
co-managed by Academy Securities, CAVU Securities, Drexel Hamilton,
Mischler Financial Group and Multi-Bank Securities. J.P. Morgan
Securities LLC was the sole bookrunner of the offering.
The offering priced prior to the Memorial Day holiday on May 21,
2015 and closed on May 29, 2015.
"This transaction is one instance of how JPMorgan Chase is
helping veteran-owned businesses grow. This tribute to the men and
women who have served our great nation shows that JPMorgan Chase
understands the value of doing business with military veterans,"
said Ron Quigley, Head of Fixed Income Syndicate at Mischler
Financial Group.
This transaction builds upon JPMorgan Chase's other programs
designed to help position transitioning servicemembers, veterans
and their families for success in their post-service lives through
initiatives impacting employment, housing, and education and
training.
"JPMorgan Chase knows the skills and ethics U.S. military
veterans bring to the workplace and their businesses. Helping them
gain opportunities makes our communities and company stronger,"
said Matt Zames, Chief Operating Officer, JPMorgan Chase &
Co.
In August of 2012, JPMorgan Chase entered into a four year
Mentor-Protégé agreement with Academy Securities under the U.S.
Department of the Treasury Mentor-Protégé program. Through this
agreement, the firm provided capital to Academy Securities and
continues its mentorship by offering training and consultation on
overall business and organizational management matters.
The National Veteran-owned Business Association recently named
JPMorgan Chase one of the best U.S. corporations committed to
working with veteran-owned businesses in 2015, using data and
responses from the 2015 Military Friendly® Supplier Diversity
survey.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global
financial services firm with assets of $2.6 trillion and operations
worldwide. The Firm is a leader in investment banking, financial
services for consumers and small businesses, commercial banking,
financial transaction processing, and asset management. A component
of the Dow Jones Industrial Average, JPMorgan Chase & Co.
serves millions of consumers in the United States and many of the
world's most prominent corporate, institutional and government
clients under its J.P. Morgan and Chase brands. Information about
JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Media:JPMorgan Chase & Co.Jennifer Kim,
212-622-7068jennifer.h.kim@jpmchase.com
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