Emergent Capital, Inc. Announces Offering Of Senior Notes Due 2021

Feb 01, 2016, 17:32 ET from Emergent Capital, Inc.

BOCA RATON, Fla., Feb. 1, 2016 /PRNewswire/ -- Emergent Capital, Inc. (NYSE: EMG) ("Emergent" or the "Company") today announced the commencement of a public offering of $25 million in Senior Notes due 2021 (the "Notes"). The Notes are expected to be listed on the Nasdaq Global Market under the trading symbol "EMGB" and to trade thereon within 30 days of the original issue date.  The Company intends to grant to the underwriters an option to purchase up to an additional 15% of the Notes to cover over-allotments, if any.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., and Compass Point Research & Trading, LLC are acting as joint book running managers.

Investors should consider the Company's objectives, risks and expenses carefully before investing. The preliminary prospectus supplement dated February 1, 2016 and the accompanying prospectus dated September 24, 2014, which have been filed with the Securities and Exchange Commission, contain this and other information about the Company and should be read carefully before investing.  The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed.

The offering is being made pursuant to the Company's effective shelf registration statement previously filed with the Securities and Exchange Commission on Form S-3.  The Notes offering will be made only by means of the prospectus included in such shelf registration statement, a related prospectus supplement and a related free writing prospectus, which will contain, among other things, the pricing terms related to the Notes.  Copies of these  documents may be obtained from Ladenburg Thalmann & Co. Inc. at 570 Lexington Avenue, 11th Floor, New York, NY 10022, or by email at prospectus@ladenburg.com; or Compass Point Research & Trading, LLC at 1055 Thomas Jefferson Street, N.W., Suite 303, Washington, DC 2000, Attention: Equity Syndicate Department, or by email at syndicate@compasspointllc.com.

Electronic copies of the prospectus, prospectus supplement and the related free writing prospectus are available on the website of the Securities and Exchange Commission at http://www.sec.gov.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any state in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state.

About Emergent Capital, Inc.

Emergent Capital (NYSE: EMG) is a specialty finance company that invests in life settlements. More information about Emergent can be found at www.emergentcapital.com.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of Emergent Capital, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, and involve known and unknown risks and uncertainties. Although Emergent believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Emergent's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the preliminary prospectus supplement and in Emergent's other filings with the Securities and Exchange Commission. All forward-looking statements attributable to Emergent or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, Emergent does not assume a duty to update these forward-looking statements.

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SOURCE Emergent Capital, Inc.