Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Calendar > Headlines for 2015 > News item |
Preferred Stock Calendar: Diana to price $25-par notes
On The Horizon
DIANA SHIPPING INC.:
$40 million of $25-par senior unsecured notes due 2022
Price talk 8.5% to 8.75%
Stifel Nicolaus & Co. Inc., Deutsche Bank Securities Inc., Janney Montgomery Scott LLC, BB&T Capital Markets and Wunderlich Securities Inc. (bookrunners)
Redeemable in 2017 or upon a taxation change
Proceeds will be used for working capital and general corporate purposes, which may include vessel acquisitions
Athens, Greece-based shipping company
HALLMARK FINANCIAL SERVICES INC.:
$25 million of $25-par senior unsecured notes due August 2024
Sandler ONeill + Partners and Incapital (bookrunners)
Redeemable
Proceeds will be used for working capital and general corporate purposes, which may include opportunistic business acquisitions and common stock repurchases
Fort Worth, Texas-based insurance holding company
STARWOOD WAYPOINT RESIDENTIAL TRUST:
$100 million of series A cumulative redeemable perpetual preferred stock
Citigroup Global Markets Inc. (bookrunner)
Change-of-control feature
Proceeds will be contributed to the operating partnership in exchange for series A cumulative redeemable preferred units. Operating partnership will use funds to acquire assets and investments and for general corporate purposes
Oakland, Calif.-based real estate investment trust
© 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.