PIPER JAFFRAY COMPANIES (NYSE:PJC) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

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PIPER JAFFRAY COMPANIES (NYSE:PJC) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On September29, 2017, Piper Jaffray& Co. (“PJ&Co.”), a wholly-owned subsidiary of Piper Jaffray Companies (the “Company”), entered into an amendment (the “First Amendment”) to the Amended and Restated Indenture (the “Indenture”), dated as of April30, 2015, by and between PJ&Co. and The Bank of New York Mellon, as indenture trustee. The First Amendment, among other things, modifies the Company’s commercial paper program by increasing the maximum amount of senior secured commercial paper SeriesII-A notes issued by PJ&Co. (the “SeriesII-A CP Notes”) from $150 million to $200 million, and requiring PJ&Co. to maintain excess net capital of at least $100 million. The terms of the SeriesII-A CP Notes, the manner of their offering, and the covenants contained in the Indenture will otherwise remain substantially the same.

The foregoing description of the Indenture, the First Amendment and the SeriesII-A CP Notes does not purport to be complete and is qualified in its entirety by reference to the full text of the Indenture and the First Amendment, copies of which are filed hereto as Exhibit4.1 and 4.2, respectively, and incorporated by reference in this Current Report on Form8-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.


PIPER JAFFRAY COMPANIES Exhibit
EX-4.1 2 a17-22671_1ex4d1.htm EX-4.1 Exhibit 4.1   PIPER JAFFRAY & CO.   Issuer   THE BANK OF NEW YORK MELLON Trustee     AMENDED AND RESTATED INDENTURE   Dated as of April 30,…
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About PIPER JAFFRAY COMPANIES (NYSE:PJC)

Piper Jaffray Companies is an investment bank and asset management company, which serves the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States and internationally. The Company provides products and services, including equity and debt capital markets products, financial advisory services, equity and fixed income institutional brokerage, equity and fixed income research, and asset management services. Its segments include Capital Markets and Asset Management. The Capital Markets segment provides investment banking and institutional sales, trading and research services for various equity and fixed income products. The Capital Markets segment also includes the alternative asset management funds and its principal investments. The Asset Management segment includes its traditional asset management business and its investments in registered funds and private funds or partnerships that it manages.