Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2

A proposito di Famsa:
ho inviato a Banca mediolanum l'offerta che era stata pubblicata su HY.
Mi hanno richiamato dicendomi che in questo caso loro non mi danno la possibilità di aderire all'offerta ma al più possono interpellarmi per farmi votare affinchè l'offerta vada avanti. Mi dicevano addirittura che la società era in default ed io a spiegargli che ancora non era passato il mese dalla scadenza cedola e capitale.
Avete novità?
 
Notification regarding Takko
The following notification has been uploaded to www.dfsvenue.com

€285,000,000 5.375% Senior Secured Notes due 2023 and €225,000,000 Floating Rate Senior Secured Notes due 2023 issued by Takko Luxembourg 2 S.C.A. (the “Notes”)
Takko Fashion S.à r.l. (“Company”) is making available supplemental information which was provided to certain stakeholders for discussion purposes in a separate virtual data room (the “VDR”). As a condition to being granted access to the VDR, you must provide the following information to One Square Advisors GmbH (“One Square”) at [email protected]:
Name of investor:
Contact:
Telephone:
Email:
In addition, you certify that you are either a holder of the Notes or a professional investor accessing information in order to evaluate a purchase of the Notes.
You also agree that:
• you will not make the VDR and the information included therein or your User ID or Password available to any other person;
• the information contained in the VDR may contain predictions concerning the future. Such forward-looking statements are based on certain assumptions made by management and are subject to a number of uncertainties, so that our actual future results may vary considerably from the forecasts made. We take no responsibility for correcting, amending or updating any information contained in the VDR after its date of publication.
• the information does not constitute an offer of or an invitation to subscribe for or purchase any securities, including the Notes, and is provided for information purposes only. In particular, the information contained in the VDR does not constitute an offer of securities for sale or a solicitation of an offer to buy securities in the United States of America;
• you understand that the information in the VDR has been prepared to assist interested parties in making their own evaluation of the Company, and the Company does not represent the information as being all-inclusive or to contain all information that may be desirable or required in order to properly evaluate the Company. You understand that the Company is making no representations or warranties, express or implied, as to the accuracy or completeness of the provided information, and that the Company will have no liability with respect to any use or reliance upon any of the information.
By submitting the requested information to One Square via e-mail, you certify that you have read and understood the foregoing and that you agree to the terms of access to the VDR. You also agree that you are not restricted by the laws of your country of residence or any other law to which you are subject to access information regarding securities of the Company, Takko Luxembourg 2 S.C.A., Takko Fashion GmbH or any of their affiliates.
 
A proposito di Famsa:
ho inviato a Banca mediolanum l'offerta che era stata pubblicata su HY.
Mi hanno richiamato dicendomi che in questo caso loro non mi danno la possibilità di aderire all'offerta ma al più possono interpellarmi per farmi votare affinchè l'offerta vada avanti. Mi dicevano addirittura che la società era in default ed io a spiegargli che ancora non era passato il mese dalla scadenza cedola e capitale.
Avete novità?
non avendo pagato rimborso e cedola a scadenza dovrebbero essere considerate in selective default su quel titolo anche se c'è il periodo di grazia trascorso il quale tornerebbero in bonis, se qualcuno le facesse tradare penso che il prezzo sarebbe flat.
Hanno pagato la cedola del 2024 scaduta il 15/6.
Io ho aderito alla proposta anche se non è ben chiaro quale bond assegnerebbero ai forzosi, hanno indicato un bond 2024 con cedola e scadenza identici a quello già esistente che è secured ma non viene specificato se è lui o uno nuovo non secured come il 2023. Se fosse secured magari converrebbe aspettare di essere scambiato forzosamente se non salta tutta la baracca.
 
BUZZ-U.S. Steel slides on $429 mln equity raise
18/06/2020 14:01 RSF
** United States Steel Corporation (X.N) shares down 14.2% premarket at $8.05 after co prices follow-on
** X among the most actively traded stocks before the bell with volume approaching 2 mln shares
** Co sells 50 mln shares, raises $429 mln to strengthen its balance sheet, increase liquidity and for general corp purposes (news)

** Offering prices at $8.58, 8.5% discount to stock's Weds close, bottom of $8.58-$8.80 range marketed by Morgan Stanley (news)

** Deal size represents nearly ~30% of co's shares outstanding and about 3 days worth of trading volumes, per Refinitiv data
** On Weds, X slumped 10.4% after co's gloomy Q2 loss forecast (news)

** YTD, stock has fallen ~18%
** Avg rating is "hold" with 8 brokerages neutral and the other 5 recommending selling the stock; median PT is $5.80 (Refinitiv data)

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
 
BUZZ-U.S. Steel slides on $429 mln equity raise
18/06/2020 14:01 RSF
** United States Steel Corporation (X.N) shares down 14.2% premarket at $8.05 after co prices follow-on
** X among the most actively traded stocks before the bell with volume approaching 2 mln shares
** Co sells 50 mln shares, raises $429 mln to strengthen its balance sheet, increase liquidity and for general corp purposes (news)

** Offering prices at $8.58, 8.5% discount to stock's Weds close, bottom of $8.58-$8.80 range marketed by Morgan Stanley (news)

** Deal size represents nearly ~30% of co's shares outstanding and about 3 days worth of trading volumes, per Refinitiv data
** On Weds, X slumped 10.4% after co's gloomy Q2 loss forecast (news)

** YTD, stock has fallen ~18%
** Avg rating is "hold" with 8 brokerages neutral and the other 5 recommending selling the stock; median PT is $5.80 (Refinitiv data)

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
adc a 8,58$ coi prezzi degli ultimi mesi decisamente sotto vuol dire essere ottimisti o avere un socio forte che incrementerà la sua quota, presto sapremo
 

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