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Prospect News home > News index > List of issuers C > Headlines for Calendar 2006 > News item |
Convertibles Calendar
WEEK OF OCT. 16
HOME PROPERTIES INC. (NYSE: HME): $175 million 20-year exchangeable senior notes; Merrill Lynch (books); Rule 144A; $25 million greenshoe; non-callable for five years, puts in years five, 10 and 15; contingent conversion at 130%; Rochester, N.Y.-based residential apartment real estate investment trust will use $58 million of proceeds to buy back stock and $70 million to repay an outstanding revolving loan; remainder for general corporate purposes; pricing Wednesday after the close; talked at a coupon of 3.875% to 4.125% and an initial exchange premium of 18% to 22%.
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