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Preferred Stock Calendar
On The Horizon
DEL MONTE PACIFIC LTD.:
• $360 million cumulative perpetual preferred stock
• Non-voting, non-participating and non-convertible
• BDO Capital & Investment Corp. (issue manager, lead underwriter and bookrunner)
• Price per share a maximum of $10.00
• Proceeds will be used to refinance a $350 million bridge loan with BDO Unibank Inc.
• Philippines-based fruit company
MBC FUNDING II CORP.:
• $9.99 million of $25-par senior secured notes due 2026
• Redeemable beginning in 2019 or upon a change of control
• Aegis Capital Corp. (bookrunner)
• Principal to be repaid quarterly if mortgage loan portfolio and cash on hand equal less than 120% of outstanding notes
• Proceeds will be used to purchase a pool of mortgage loans from parent Manhattan Bridge Capital. Parent will then use funds to pay down debt.
• Great Neck, N.Y.-based real estate finance company
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