Preferred Stock Calendar

On The Horizon

ENERGY TRANSFER OPERATING, LP:

• $1,000-par series F and series G fixed-rate reset cumulative redeemable perpetual preferred units

• Citigroup Global Markets Inc., Deutsche Bank Securities Inc., MUFG, Natixis Securities Americas LLC and TD Securities (USA) LLC (bookrunners)

• Proceeds to repay certain outstanding debt, including prepayment of certain senior debt, and for general partnership purposes

• Dallas-based oil and gas pipeline company

EWELLNESS HEALTHCARE CORP.:

• Up to $50 million $25-par cumulative perpetual preferred stock

• Redeemable after three years

• Culver City, Calif.-based tele-medicine company

GLADSTONE COMMERCIAL CORP.:

• Up to $100 million more of its $25-par 6.625% series E cumulative redeemable preferred stock

• Robert W. Baird & Co. Inc., Goldman Sachs & Co. LLC, Stifel, Nicolaus & Co., Inc., Fifth Third Securities, Inc. and U.S. Bancorp Investments, Inc. (sales agents)

• Proceeds to provide additional funds for general corporate purposes, which may include, without limitation, the repayment of outstanding debt, the acquisition of additional properties, capital expenditures and/or improvements to properties in its portfolio, distributions to stockholders and working capital

• McLean, Va.-based real estate investment trust

GOLDMAN SACHS GROUP, INC.:

• $15 million of series R perpetual fixed-rate reset non-cumulative preferred stock at 4.95%

• Goldman Sachs & Co. LLC (bookrunner)

• Proceeds to redeem a portion of the company’s 5.7% series L fixed-to-floating rate non-cumulative preferred stock

• New York-based banking, securities and investment management company

BLUEROCK RESIDENTIAL GROWTH REIT, INC.:

• Up to $800 million series T redeemable preferred stock at 6.15%

• Bluerock Capital Markets, LLC (dealer manager)

• Proceeds for future investments and acquisitions and for other general corporate and working capital purposes, which may include the funding of capital improvements at properties

• New York-based real estate investment trust

FAT BRANDS INC.:

• Up to $30 million of $25-par series B cumulative preferred stock with a dividend of 8.25%

• TriPoint Global Equities, LLC (bookrunner)

• Proceeds to refinance existing debt, as well as for general working capital and future acquisitions

• Beverly Hills, Calif.-based restaurant company

CIM COMMERCIAL TRUST CORP.:

• Up to $900 million $25-par series A preferred stock units with a dividend of 5.5%

• Includes one warrant to purchase common stock

• Redeemable after five years. In the two years after the redemption date, the preferreds are redeemable at $21.75. After two years to five years, they are redeemable at $22.50. After five years, they are redeemable at $25.00

• Dallas-based real estate investment trust specializing in office space

© 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.