Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Calendar 2006 > News item |
Convertibles Calendar
WEEK OF DEC. 4
MANNKIND CORP. (Nasdaq: MNKD): $100 million seven-year convertible senior notes; Merrill Lynch, JP Morgan (joint books); off shelf; $15 million greenshoe; non-callable; Valencia, Calif., drug developer will use proceeds for clinical trial costs, for research and development and for general purposes; concurrent offering of 17.5 million shares; pricing Dec. 6, talked at a coupon of 3.75% to 4.25% and an initial conversion premium of 22% to 28%.
PALADIN RESOURCES LTD. (TSX/ASX: PDN): $250 million five-year convertible unsubordinated unsecured bonds; RBC Capital Markets, UBS Investment Bank (joint books); Regulation S; non-callable for three years, after which subject to 130% hurdle; no puts; Subiaco, Western Australia, uranium mining company will use proceeds to develop a project in Malawi, to establish a uranium marketing subsidiary and for general purposes, including acquisitions; talked at a coupon of 4.5% to 5% and an initial conversion premium of 25% to 30%; pricing Friday.
ON THE HORIZON
ACQUICOR TECHNOLOGY INC. (Amex: AQR): $100 million five-year convertible senior notes; $15 million greenshoe; CRT Capital Group; Rule 144A; non-callable for three years, no puts; Newport Beach, Calif.-based blank-check company formed to acquire technology businesses; will use proceeds to help fund acquisition of Jazz Semiconductor for $260 million; talked at a coupon of 8% to 8.5% and an initial conversion premium of 25% to 30%.
EUROSEAS LTD. (OTCBB: EUSEF): Unspecified amount of two-year mandatory convertible preferred stock; Cantor Fitzgerald & Co., Oppenheimer & Co. (joint books); registered; non-callable; Maroussi, Greece-based owner and operator of drybulk and container vessels will use proceeds to pay back $7 million of debt incurred through acquisition of the vessel YM Xingang I and to acquire additional vessels.
© 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.