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Convertibles Calendar
April 29
ECHO GLOBAL LOGISTICS INC.:
• $150 million convertible senior notes
• Maturity May 1, 2020
• Registered
• $22.5 million greenshoe
• Joint bookrunners Morgan Stanley & Co. LLC and Credit Suisse (USA) LLC
• Co-manager PNC Capital Markets LLC
• Proceeds to fund a portion of the purchase price of a previously announced acquisition, for working capital and general corporate purposes
• There is a right to redeem the notes Nov. 3 if the acquisition is not consummated
• Concurrently with offering, company will price 5,000,000 shares, or $150 million, of common stock
• Chicago -based provider of technology-enabled transportation and supply chain management services
• Nasdaq: ECHO
On The Horizon
FRONTIER COMMUNICATIONS CORP.:
• Convertible debt
• Concurrent with equity and other debt
• Backed by commitment for two bridge loans for a total amount of $11,594,000,000
• Proceeds to fund the acquisition of certain wireline operations from Verizon Communications
• Closing expected in the first half of 2016
• Stamford, Conn.-based wireline telecommunications provider
• NYSE listing: FTR
CARNIVAL GROUP INTERNATIONAL HOLDING LTD.:
• Unsecured senior convertible bonds
• Bookrunner Deutsche Bank AG, Hong Kong Branch
• Regulation S
• Concurrent equity swap with Deutsche Bank AG, London Branch as equity swap counterparty
• Proceeds to fund existing and new projects; entry into the equity swap; and for working capital and other general corporate purposes
• Bermuda-based investment holding company engaged in leisure and consumption businesses
• Hong Kong: 00996
PLATFORM SPECIALTY PRODUCTS CORP.:
• Convertible securities as part of a funding package of cash, convertibles, debt and equity
• Proceeds to fund $3.51 billion acquisition of Arysta LifeScience Ltd., a Tokyo-based provider of agrochemical and biological products
• Barclays, Credit Suisse Securities (USA) LLC, Nomura Securities International LLC and UBS AG acted as M&A advisers and have committed financing for the acquisition
• Anticipated closing in first quarter 2015
• Miami-based specialty chemicals company
• NYSE: PAH
International Calendar
April
SEQUA PETROLEUM NV:
• Up to $300 million convertibles
• Maturity April 2020
• Regulation S
• Initial conversion price $3.50, for a premium of 21%
• Proceeds to finance its acquisition activities and for other general financing and corporate purposes
• Anoa Capital SA is acting as global coordinator, with ADS Securities LLC, Abu Dhabi, as joint bookrunner
• Anticipated listing on Cayman Islands stock exchange
• Oil and gas company based in the Netherlands
• Paris: MLSEQ: EN
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