E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/9/2022 in the Prospect News Convertibles Daily.

Convertibles Calendar: Liberty Media, Post Holdings on tap

Aug. 9

LIBERTY MEDIA CORP:

• $375 million five-year convertible notes

• $50 million greenshoe

• Coupon of 2.25% to 2.75% and initial conversion premium of 27.5% to 32.5%

• Non-callable for three years and then subject to a 130% hurdle

• Rule 144A

• Credit Suisse Securities (USA) LLC (lead left), Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC

• Repurchase Liberty’s 1% cash convertible notes due 2023 in privately negotiated transactions and for general corporate purposes

• Englewood, Colo.-based owner and operator of media, communications and entertainment businesses

POST HOLDINGS INC.:

• $400 million five-year convertible notes

• $60 million greenshoe

• Coupon of 2.25% to 2.75% and initial conversion premium of 17.5% to 22.5%

• Non-callable until Aug. 20, 2025 and then subject to a 130% hurdle

• Rule 144A

• Barclays (lead left), J.P. Morgan Securities LLC, Citigroup Global Markets Inc.

• Repurchase up to $100 million in common stock and for general corporate purposes

• St. Louis-based consumer packaged goods holding company


© 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.