Morgan Stanley

SharkNinja Announces Pricing of Secondary Offering of Ordinary Shares

Retrieved on: 
Tuesday, March 19, 2024
Technology, Retail, Home Goods, Consumer Electronics, BofA Securities, J. P. Morgan, Madison Avenue, Telephone, William Blair & Company, Sale, Attention, Security (finance), Guggenheim Partners, Prospectus, Morgan Stanley, Jefferies, Varick Street, Jefferies Group, 2nd Floor

SharkNinja, Inc. (NYSE: SN), a global product design and technology company, today announced the pricing of the previously announced secondary offering of 4,691,899 ordinary shares of SharkNinja by certain selling shareholders affiliated with Xuning Wang (collectively, the “Selling Shareholders”) at a price to the public of $58.00 per ordinary share.

Key Points: 
  • SharkNinja, Inc. (NYSE: SN), a global product design and technology company, today announced the pricing of the previously announced secondary offering of 4,691,899 ordinary shares of SharkNinja by certain selling shareholders affiliated with Xuning Wang (collectively, the “Selling Shareholders”) at a price to the public of $58.00 per ordinary share.
  • The Selling Shareholders granted the underwriters a 30-day option to purchase up to an additional 703,785 ordinary shares of SharkNinja.
  • SharkNinja is not selling any ordinary shares in the offering and will not receive any of the proceeds from the sale.
  • Goldman Sachs & Co. LLC, J.P. Morgan, Jefferies and Morgan Stanley are acting as joint lead book-running managers for the offering.

Atmus Filtration Technologies appoints Diego Donoso and Stuart A Taylor II to its Board of Directors

Retrieved on: 
Tuesday, March 19, 2024
HVAC, Automotive Manufacturing, Other Manufacturing, Manufacturing, Taylor Group, Wabash National, Ball Corporation, Bankers Trust, Partnership, Electrode, Morgan Stanley, Dow Chemical Company, Graphite, Plastic, Retirement, CIBC World Markets, Essendant, Management

Today, Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) announced the appointment of Diego Donoso and Stuart Taylor to its Board of Directors.

Key Points: 
  • Today, Atmus Filtration Technologies Inc. (NYSE: ATMU) (“Atmus”) announced the appointment of Diego Donoso and Stuart Taylor to its Board of Directors.
  • “I am pleased to have Diego and Stuart join the Atmus Board of Directors at a pivotal time for our company,” said Steph Disher, CEO of Atmus.
  • Mr. Donoso retired in April 2023 from Dow Inc., a materials science company, after a 30-year career with the company.
  • Stuart Taylor is the President of The Taylor Group LLC, a firm focused on creating and acquiring businesses in partnership with entrepreneurs.

Astera Labs Announces Pricing of Initial Public Offering

Retrieved on: 
Wednesday, March 20, 2024
Data Management, Semiconductor, Communications, Technology, Software, Artificial Intelligence, Public Relations, Investor Relations, J. P. Morgan, Needham & Company, Sale, Attention, Prospectus, Morgan Stanley, Jefferies, Varick Street, Roth Capital Partners, 2nd Floor, Evercore, Capital Group Companies, J.P. Morgan & Co., Security (finance)

Astera Labs, Inc. (“Astera Labs”) today announced the pricing of its initial public offering of 19,800,000 shares of its common stock at a price to the public of $36.00 per share.

Key Points: 
  • Astera Labs, Inc. (“Astera Labs”) today announced the pricing of its initial public offering of 19,800,000 shares of its common stock at a price to the public of $36.00 per share.
  • The offering consists of 16,788,903 shares of common stock offered by Astera Labs and 3,011,097 shares of common stock to be sold by certain of Astera Labs’ existing stockholders.
  • In addition, the underwriters will have a 30-day option to purchase up to an additional 2,970,000 shares of common stock from Astera Labs at the initial public offering price, less underwriting discounts and commissions.
  • The gross proceeds to Astera Labs from the offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by Astera Labs, are expected to be approximately $604.4 million.

SharkNinja Announces Launch of Secondary Offering of Ordinary Shares

Retrieved on: 
Monday, March 18, 2024
Online Retail, Retail, Other Consumer, Consumer, Technology, Home Goods, Other Technology, BofA Securities, J. P. Morgan, Madison Avenue, Form, Telephone, William Blair & Company, Sale, Attention, Security (finance), Guggenheim Partners, Prospectus, Morgan Stanley, Jefferies, Varick Street, Jefferies Group, 2nd Floor

Additionally, the Selling Shareholders intend to grant the underwriters a 30-day option to purchase up to an additional 703,785 ordinary shares of SharkNinja.

Key Points: 
  • Additionally, the Selling Shareholders intend to grant the underwriters a 30-day option to purchase up to an additional 703,785 ordinary shares of SharkNinja.
  • SharkNinja is not selling any ordinary shares in the offering and will not receive any of the proceeds from the sale.
  • Goldman Sachs & Co. LLC, J.P. Morgan, Jefferies and Morgan Stanley are acting as joint lead book-running managers for the proposed offering.
  • The proposed offering of these securities will be made only by means of a prospectus.

VICI Properties Announces Closing of $1.05 Billion Senior Unsecured Notes Offering

Retrieved on: 
Monday, March 18, 2024
Finance, Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Citigroup, BofA Securities, Database, 3rd Floor, J. P. Morgan, Madison Avenue, Goldman Sachs, Wells Fargo, BNP PARIBAS, Telephone, EDGAR, Sale, Scotiabank, Attention, VICI, Vici Properties, Security (finance), Prospectus, Morgan Stanley, Suite, Note, Mizuho, Issuer, KeyBank, ATTN:, Deutsche Bank, Barclays

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that its subsidiary, VICI Properties L.P. (the “Issuer”), has completed its public offering of $1.05 billion in aggregate principal amount of senior unsecured notes (the “Notes”) consisting of:

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that its subsidiary, VICI Properties L.P. (the “Issuer”), has completed its public offering of $1.05 billion in aggregate principal amount of senior unsecured notes (the “Notes”) consisting of:
    $550 million aggregate principal amount of 5.750% senior unsecured notes due 2034 (the “2034 Notes”).
  • $500 million aggregate principal amount of 6.125% senior unsecured notes due 2054 (the “2054 Notes”).
  • The Issuer intends to use the net proceeds from the offering to repay its outstanding (i) $1,024.2 million in aggregate principal amount of 5.625% senior exchange notes due 2024 and (ii) $25.8 million in aggregate principal amount of 5.625% senior notes due 2024.
  • Capital One Securities, Mizuho and SMBC Nikko acted as senior co-managers for the offering, and Keybanc Capital Markets and Raymond James acted as co-managers for the offering.

Dril-Quip and Innovex to Combine Creating Unique Energy Industrial Platform

Retrieved on: 
Monday, March 18, 2024
Other Manufacturing, Consulting, Engineering, Oil, Gas, Professional Services, Manufacturing, Alternative Energy, Energy, Asset Management, Great North, Citigroup, Growth, Goldman Sachs, Morgan Stanley, Security (finance), Gibson Dunn, Piper Sandler Companies, Marketing, Central Time

Leverage Dril-Quip’s leading subsea expertise, brand name and customer relationships to facilitate further market penetration of Innovex’s existing deepwater well construction portfolio.

Key Points: 
  • Leverage Dril-Quip’s leading subsea expertise, brand name and customer relationships to facilitate further market penetration of Innovex’s existing deepwater well construction portfolio.
  • Increase the company’s global scale and footprint across several growing markets (including Saudi Arabia, Mexico, South America and the Asia Pacific region).
  • Kendal Reed, current Chief Financial Officer of Innovex, will serve as Chief Financial Officer of the combined company.
  • The remainder of the combined company’s leadership team is expected to include executives from both Dril-Quip and Innovex.

Altria Announces Intent to Sell a Portion of its Investment in Anheuser-Busch InBev

Retrieved on: 
Wednesday, March 13, 2024
Tobacco, Retail, Wine & Spirits, European Economic Area, Gross metropolitan product, Telephone, EDGAR, ABI, Sale, ANB, ADS, Risk, Euronext, Prospectus, Morgan Stanley, Broadridge Financial Solutions, Annual report, Varick Street, Beer, 2nd Floor, Security (finance)

In addition, ABI has agreed to repurchase $200 million of ordinary shares directly from Altria, concurrently with, and conditional on, completion of the offering.

Key Points: 
  • In addition, ABI has agreed to repurchase $200 million of ordinary shares directly from Altria, concurrently with, and conditional on, completion of the offering.
  • Altria, as the selling shareholder, is offering 35 million of ABI’s ordinary shares.
  • In addition, we have agreed to a 180-day lockup with the lead underwriter for our remaining ABI shares.
  • “Over the decades of our ownership, the beer investment has provided significant income and cash returns and supported our strong balance sheet.

Humana Completes Aggregate $2.25 Billion Debt Offering

Retrieved on: 
Wednesday, March 13, 2024
Professional Services, Health, Other Professional Services, Insurance, Health Insurance, Managed Care, General Health, Failure, Administration, Growth, Goldman Sachs, Inc., Final, Wells Fargo, Form, Risk, Star, Morgan Stanley, Information, Sale, News, Security (finance), Judgement, Prospectus, Service, Note, Pharmacy, Debt-to-GDP ratio, Medicare, Privacy, CMS, Government, Risk management

Humana Inc. (the “company”) (NYSE: HUM) announced today the completion of its public offering of $2.25 billion in aggregate principal amount of senior notes.

Key Points: 
  • Humana Inc. (the “company”) (NYSE: HUM) announced today the completion of its public offering of $2.25 billion in aggregate principal amount of senior notes.
  • The company expects net proceeds from the Senior Notes Offerings will be approximately $2.226 billion after deducting underwriters’ discounts and estimated offering expenses.
  • This news release includes forward-looking statements regarding Humana within the meaning of the Private Securities Litigation Reform Act of 1995.
  • Downgrades in Humana’s debt ratings, should they occur, may adversely affect its business, results of operations, and financial condition.

Kinetik Announces Pricing of Secondary Offering of Common Stock

Retrieved on: 
Thursday, March 14, 2024
Energy, Other Energy, Oil, Gas, Citigroup, BofA Securities, Mizuho Securities, TD Securities, 3rd Floor, J. P. Morgan, APA Corporation, Offering, Goldman Sachs, KNTK, Telephone, Sale, News, Scotiabank, Prospectus, Morgan Stanley, Broadridge Financial Solutions, File, HSBC, MUFG, ATTN:, RBC Capital Markets, Security (finance)

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an underwritten secondary offering of 11,373,801 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation, at a price of $33.75 per share.

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an underwritten secondary offering of 11,373,801 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation, at a price of $33.75 per share.
  • Kinetik is not selling any shares of Class A common stock in the Offering and will not receive the proceeds from any sale of shares by the Selling Stockholder.
  • The Selling Stockholder has granted to the underwriters a 30-day option to purchase up to an additional 1,706,070 shares of Kinetik’s Class A common stock.
  • In connection with the Offering, the Company’s Chief Executive Officer has agreed to purchase an aggregate of 14,814 shares of Class A common stock from the underwriters at the public offering price.

REV Group, Inc. Announces Pricing of Secondary Offering of Common Stock

Retrieved on: 
Thursday, March 14, 2024
Trucking, Aftermarket, Automotive, General Automotive, Transport, Automotive Manufacturing, Manufacturing, Recreational Vehicles, Performance & Special Interest, Fleet Management, REVG, Telephone, Offering, Form, REV Group, EDGAR, Sale, Attention, Security (finance), Morgan Stanley, Varick Street, Parallel, 2nd Floor

REV Group, Inc. (NYSE:REVG) (the “Company”) announced today the pricing of the previously announced underwritten secondary public offering of 7,395,191 shares of the Company’s common stock (the “Offering”) by American Industrial Partners Capital Fund IV, LP and American Industrial Partners Capital Fund IV (Parallel), LP (the “Selling Stockholders”) at an offering price of $18.00 per share.

Key Points: 
  • REV Group, Inc. (NYSE:REVG) (the “Company”) announced today the pricing of the previously announced underwritten secondary public offering of 7,395,191 shares of the Company’s common stock (the “Offering”) by American Industrial Partners Capital Fund IV, LP and American Industrial Partners Capital Fund IV (Parallel), LP (the “Selling Stockholders”) at an offering price of $18.00 per share.
  • The Offering is expected to close on March 15, 2024, subject to customary closing conditions.
  • Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint book-running managers for the Offering.
  • The Offering will be made only by means of a prospectus supplement and the accompanying base prospectus.