Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa

[Fabrib]

424B2
Goldma Sachs esce con una nuova preferred.

4,95% isin US38144GAB77

 

[Peco]

Il CDA di Ladenburg Thalmann Financial ha approvato un piano di fusione. Il piano sarà considerato un “ cambio di controllo” secondo lo statuto della società. Probabile il richiamo per le azioni privilegiate LTS-A
https://www.sec.gov/Archives/edgar/data/1029730/000149315219017124/form8-k.htm

 

[bulogna]

Great Elm Capital (NASDAQ:GECC):
Q3 GAAP NII of $0.26 in-line.
Total investment income of $7M (+13.3% Y/Y) beats by $0.01M.
Press Release

...As of September 30, 2019, available liquidity from cash and money market investments was approximately $24.8 million, exclusive of our holdings of United States Treasury Bills. Total debt outstanding as of September 30, 2019 was $124.0 million, comprised of our 6.50% senior notes due September 2022 (NASDAQ: GECCL), our 6.75% senior notes due January 2025 (NASDAQ: GECCM) and our newly issued 6.50% senior notes due June 2024 (NASDAQ: GECCN). Our asset coverage ratio was approximately 173.8% and our debt-to-equity ratio was 1.36x...

 

[maxinblack]

Avete visto il tonfo Ladenburg?????

 

[Fabrib]

“The Merger Agreement requires the Company, upon Advisor Group’s request, to use reasonable best efforts prior to closing to enable the surviving corporation in the Merger to delist and deregister the Debt Securities (to the extent listed or registered) and Preferred Shares as promptly as practicable after the Effective Time.”

Avete visto il tonfo Ladenburg?????

Vedi l'allegato 535627

Rischio delisting per i baby bond.

 

[laplaz]

“The Merger Agreement requires the Company, upon Advisor Group’s request, to use reasonable best efforts prior to closing to enable the surviving corporation in the Merger to delist and deregister the Debt Securities (to the extent listed or registered) and Preferred Shares as promptly as practicable after the Effective Time.”


Rischio delisting per i baby bond.

E come mai questo crollo?

 

[Peco]

E come mai questo crollo?

I titoli di debito della società, rimarranno in essere come titoli di debito della società sopravvissuta nella Fusione, ma rischiano di non avere più il cuscinetto delle prefered LTS-A

 

[Fabrib]

WESTPORT, Conn., Nov. 13, 2019 (GLOBE NEWSWIRE) -- Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today it has priced a $100 million public offering of 4,000,000 of its 7.875% Series C Cumulative Preferred Shares with a liquidation preference of $25.00 per share. The Company has granted the underwriters a 30-day over-allotment option to purchase up to an additional 600,000 Series C Cumulative Preferred Shares. CODI intends to use the net proceeds from the offering to repay a portion of the outstanding balance of its term loan under its credit facility and for general corporate purposes. The closing is expected to occur on or about November 20, 2019, subject to customary closing conditions.

 

[laplaz]

I titoli di debito della società, rimarranno in essere come titoli di debito della società sopravvissuta nella Fusione, ma rischiano di non avere più il cuscinetto delle prefered LTS-A

Vedi l'allegato 535642

Ok capito, grazie della spiegazione.
Tuttavia mi pare in ogni caso un capitombolo eccessivo.

 

[laplaz]

Ma anche la 7,75% LTSH è un BB?