Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa
arkymede74
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isin ?
o cusip?
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Full Circle Capital 8,25% Pref 30.06.20$ 25,03-0,01(-0,04%)14/09/2017isin ?
Codice FULLL ISIN US3903202089
Mercato NASDAQ
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Great Elm Capital Corp. Prices Public Offering of Approximately $28.4 Million of 6.50% Notes Due 2022
WALTHAM, Mass, September 14, 2017 – Great Elm Capital Corp. (NASDAQ: GECC) (the “Company”) announced today the pricing of its public offering of approximately $28.4 million aggregate principal amount of its 6.50% notes due 2022 (the “Notes”), which will result in net proceeds to the Company of approximately $27.0 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company.
The Notes will mature on September 18, 2022, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after September 18, 2019. The Notes will bear interest at a rate of 6.50% per year payable quarterly on January 31, April 30, July 31 and October 31 of each year, beginning October 31, 2017. The Company has also granted the underwriters a 30-day option to purchase up to an additional approximately $4.3 million aggregate principal amount of Notes to cover over-allotments, if any. The closing of the transaction is subject to customary closing conditions, and the Notes are expected to be delivered on or about September 18, 2017. The Company intends to apply to list the Notes on the NASDAQ Stock Market under the trading symbol “GECCD,” and if the application is approved, expects trading in the Notes to begin within 30 days from the original issue date.
The Company intends to use the net proceeds from this offering and cash on hand to redeem all of its outstanding 8.25% notes due 2020 (the “Full Circle Notes”), which currently amount to approximately $33.6 million plus accrued and unpaid interest. Pending the use of the net proceeds to redeem the Full Circle Notes, the Company may invest the net proceeds of this offering in cash, cash equivalents, U.S. Government securities and other high-quality debt instruments that mature in one year or less, or "temporary investments", as appropriate.
Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSEMKT: LTS), and Oppenheimer & Co. Inc. are acting as book-running managers for the offering. William Blair & Company, L.L.C. is acting as a co-manager for the offering.
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Anche per ISTAR nuove emissioni e richiami US45031U6064 US45031U5074
https://www.sec.gov/Archives/edgar/data/1095651/000104746917005835/a2233256z424b3.htm
We intend to use the net proceeds of this offering of Notes, the Convertible Notes Offering and cash on hand to redeem and repay the $550.0 million aggregate principal amount outstanding of our 4.00% Senior Notes due November 2017, the $300.0 million aggregate principal amount outstanding of our 7.125% Senior Notes due February 2018, the $300.0 million aggregate principal amount outstanding of our 4.875% Senior Notes due July 2018, all of our outstanding shares of 7.88% Series E Preferred Stock, having an aggregate liquidation preference of $140.0 million, and all of our outstanding shares of 7.8% Series F Preferred Stock, having an aggregate liquidation preference of $100.0 million, and to pay related fees and expenses. There can be no assurance that we will complete the Convertible Notes Offering. If we do not complete the Convertible Notes Offering, we may elect to use additional available cash to complete the redemptions described above, or we may elect to redeem a lesser amount of senior notes and a lesser amount or none of the preferred stock. See "Use of Proceeds."
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US19625W4015 COLONY NORTHSTAR 8,875%
Fidelity would like to inform you of an event that will occur on one of the securities which you hold in your portfolio.
The below security was affected by a Full Call:
CUSIP: 19625W401
Description: COLONY NORTHSTAR INCPFD SER C 8.87500%
Rate: 0.000%
Maturity Date:
Quantity:
Redemption Price: 25.00
Redemption Principal:
Fidelity would like to inform you of an event that will occur on one of the securities which you hold in your portfolio.
The below security was affected by a Full Call:
CUSIP: 19625W401
Description: COLONY NORTHSTAR INCPFD SER C 8.87500%
Rate: 0.000%
Maturity Date:
Quantity:
Redemption Price: 25.00
Redemption Principal:
bulogna
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Non ho capito se vuoi dire che i tassi saranno alzati velocemente o altro. Non credo sia un problema di rialzo dei tassi. La leggerei che ora c'è molta liquidità nel sistema e si riesce a piazzare di tutto a rendimenti accettabili per le società emittenti. Quando inizieranno a drenare non sarà più così semplice emettere.
