Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Calendar > Headlines for 2015 > News item |
Convertibles Calendar: PTC Therapeutics to price $125 million convertibles
August 11
PTC THERAPEUTICS INC:
• $125 million convertible senior notes
• Par of $1,000
• $25 million greenshoe
• Talked 2.5%-3%, up 30%-35%
• Joint bookrunners Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC
• Rule 144A
• Non-callable for three years, then provisionally callable if shares exceed 130%
• Proceeds for general corporate purposes, including working capital and research & development expenditures
• South Plainfield, N.J.-based biopharmaceutical company
• Nasdaq: PTCT
On The Horizon
BLACK HILLS CORP.:
• Up to $575 million to $675 million of equity and equity-linked debt
• Part of a package of financing for its acquisition of SourceGas Holdings LLC
• Acquisition expected to close first half 2016
• Rapid City, S.D.-based integrated energy company
• NYSE: BKH
International Calendar
On The Horizon
LIDA GROUP HOLDINGS CO. INC.:
• ¥30 billion five-year convertibles
• Issued at 100.5% of par
• Reoffered at 103% of par
• 0% coupon, up 25%-35%
• Regulation S
• Proceeds to fund inter-company loans
• Non-callable with no puts
• Tokyo-based holding company focused on the real estate business
• Tokyo: 3291
© 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.