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 APRIL 10
RENTECH INC. (AMEX: RTK): $50 million of seven-year convertible senior notes talked at a coupon of 3.5% to 4% with an initial conversion premium between 18% and 22%; greenshoe of $7.5 million; bookrunner is Credit Suisse; callable with premium make-whole in first five years subject to threshold of 150% of conversion price; callable after 2011; contingent conversion at 120%; dividend and takeover protection; also selling 12.5 million shares with a greenshoe for 1.875 million; Rentech, a Denver, Colo.-based developer of alternative fuel technology, will use proceeds to pay for purchase of Royster-Clark Nitrogen Inc., to fund working capital at Royster-Clark and for general corporate purposes.
© 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.