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Convertibles Calendar: Newpark, Wheeler in the market
Domestic Calendar
On The Horizon
NEWPARK RESOURCES INC.:
$100 million of convertible senior notes due June 1, 2021
Rule 144A offering
Proceeds will be used to retire existing debt and for general corporate purposes.
The Woodlands, Texas-based oilfield drilling services provider
NYSE: NR
WHEELER REAL ESTATE INVESTMENT TRUST:
$21.75 million add-on offering of 8.75% series D cumulative convertible preferred stock
$3.25 million greenshoe
Non-callable for five years
Dividend step-up feature
Of the proceeds, about $7.7 million will be used to repay the loan with Revere High Yield Fund LP. Remaining funds will be used for future acquisitions, for investments in properties and for general corporate purposes.
Virginia Beach, Va.-based real estate investment trust
Nasdaq: WHLR
International Calendar
On The Horizon
NANYA TECHNOLOGY CORP:
$500 million of overseas convertible bonds
Five-year paper with a 0% coupon
Proceeds will be used for 20-nm process technology conversion.
Taoyuan, Taiwan-based manufacturer and seller of dynamic random access memory (DRAM) products
TPE: 2408
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