E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/15/2021 in the Prospect News Convertibles Daily.

Convertibles Calendar: Greenbrier on tap

April 15

GREENBRIER COS. INC.:

•$325 million seven-year convertible notes, upsized from $275 million

• Greenshoe of $48.75 million, upsized from $41.25 million

• Coupon of 2.375% to 2.875% and threshold appreciation premium of 30% to 35%

• Rule 144A

• BofA Securities Inc. and Goldman Sachs & Co. LLC

• Non-callable for four years and then subject to a 130% hurdle

• Proceeds to fund the repurchase of its 2.875% convertible notes due 2024, to repurchase up to $20 million of its common stock, and for general corporate purposes

• Lake Oswego, Ore.-based supplier of equipment and services to the global freight transportation markets


© 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.