Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Calendar > Headlines for 2016 > News item |
Preferred Stock Calendar
On The Horizon
CIM COMMERCIAL TRUST CORP.:
• Up to $900 million series A preferred stock units
• One preferred share and one five-year warrant good for common stock
• $25.00 liquidation preference
• Proceeds will be used for general corporate purposes, stock purchases and investments
• Dallas-based real estate investment trust
DEL MONTE PACIFIC LTD.:
• $360 million cumulative perpetual preferred stock
• Non-voting, non-participating and non-convertible
• BDO Capital & Investment Corp. (issue manager), BPI Capital Corp., China Banking Corp., PNB Capital and Investment Corp. and SB Capital Investment Corp. (joint lead underwriters and bookrunners)
• Price per share a maximum of $10.00
• Proceeds will be used to refinance a $350 million bridge loan with BDO Unibank Inc.
• Philippines-based fruit company
MITCHAM INDUSTRIES INC.:
• $8 million of 9% series A cumulative preferred stock
• Ladenburg Thalmann & Co. Inc. (bookrunner)
• Non-callable for five years
• Proceeds will be used to repay debt under a $30 million revolving credit facility. Any remaining funds will be used to pay down a $15 million credit facility.
• Huntsville, Texas-based provider of equipment to the geophysical, oceanographic and hydrographic industries
© 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.