Convertibles Calendar:

On The Horizon

EXELON CORP.:

• Convertible mandatories

• Via underwriters Barclays and Goldman Sachs & Co.

• Concurrent offering of shares

• Proceeds to partially fund $6.8 billion purchase of Pepco Holdings Inc.

• Chicago-based electricity and gas utility

• NYSE: EXC

500.COM LTD.:

• Up to $120 million of convertible senior notes

• Via underwriter Deutsche Bank Securities Inc.

• F-1 regulatory filing

• Concurrent offering of ADS

• Concurrent share lending agreement with Deutsche Bank AG

• Takeover protection

• No exchange listing

• Proceeds for R&D, business expansion, general corporate purposes, including working capital needs, incremental costs

• Shenzhen, China-based online sports lottery service provider

• NYSE: ADS: WBAI

INTERNATIONAL CONVERTIBLES CALENDAR

On The Horizon

UTTAM STRIPS LTD.:

• $200 million of 10-year convertible bonds

• To yield 6%-8%

• Private placement via U.S.-based private equity fund Exhilway Global as sole agent for placing the bond

• Proceeds to repay Indian bank liabilities and for possible acquisitions

• New Delhi-based metal home products manufacturer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.