Convertible bond

Green Plains Announces Upsizing and Pricing of Concurrent Common Stock and Convertible Senior Notes due 2027

Thursday, February 25, 2021 - 1:11pm

The notes will be general senior, unsecured obligations of the company.

Key Points: 
  • The notes will be general senior, unsecured obligations of the company.
  • Jefferies and BofA Securities are acting as joint book-running managers for both the common stock and convertible notes offerings.
  • The Company also owns a 48.9% limited partner interest and a 2.0% general partner interest in Green Plains Partners LP.
  • Green Plains assumes no obligation to update any such forward-looking statements, except as required by law.

Quest Patent Research Enters into $27 Million Capital Facility for Acquisition Growth Capital

Thursday, February 25, 2021 - 1:00pm

Management is scheduled to host a shareholder update conference call on Tuesday, March 2nd at 8:30 a.m.

Key Points: 
  • Management is scheduled to host a shareholder update conference call on Tuesday, March 2nd at 8:30 a.m.
  • The Capital Facility will provide up to $27.0 million for the purchase of intellectual property portfolios with up to $2.0 million being available to the Company's for working capital at its discretion.
  • QFL and the Company share equally in proceeds after QFL has received an agreed upon return on capital deployed from the Capital Facility.
  • Extinguishment of Legacy Secured Convertible Note:
    In conjunction with closing on the Capital Facility, the Company's legacy secured convertible note has been extinguished.

Enphase Energy Announces Upsizing and Pricing of $1.15 Billion Green Convertible Senior Notes Offering

Thursday, February 25, 2021 - 1:00pm

The offering was upsized from the previously announced offering of $500 million aggregate principal amount of 2026 notes and $500 million aggregate principal amount of 2028 notes.

Key Points: 
  • The offering was upsized from the previously announced offering of $500 million aggregate principal amount of 2026 notes and $500 million aggregate principal amount of 2028 notes.
  • The 2028 notes will mature on March 1, 2028, unless earlier converted, redeemed or repurchased in accordance with their terms.
  • This activity could affect the market price of Enphase common stock and could also impact the initial conversion prices of the 2026 notes and the 2028 notes.
  • Enphase may also unwind the remaining existing convertible note hedge and warrant transactions with respect to the 2024 notes and the 2025 notes at any time immediately following completion of the offering of the notes.

Energy And Water Development Corp. Pays Off Its Convertible Loans

Thursday, February 25, 2021 - 1:00pm

Florida, Feb. 25, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Energy and Water Development (OTCQB: EAWD) is pleased to report that it has paid off the convertible loans issued during years 2019 and 2020.All of the convertible loans were paid off to avoid dilution and reduced the Companys overall debt.

Key Points: 
  • Florida, Feb. 25, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Energy and Water Development (OTCQB: EAWD) is pleased to report that it has paid off the convertible loans issued during years 2019 and 2020.All of the convertible loans were paid off to avoid dilution and reduced the Companys overall debt.
  • Eliminating the convertible loans recorded as December 2020 represents a significant milestone for EAWD.
  • Energy and Water Development Corporation is a green-tech engineering solution company focused on delivering water and energy to extreme environments.
  • EAWD builds water and energy systems out of already-existing, proven technologies, utilizing their technical know-how to customize solutions to their clients needs.

MedX Announces Final Closing of $4 Million Convertible Debenture Loan Notes Non-brokered Private Placement

Thursday, February 25, 2021 - 1:00pm

MedX Health Corp. (MedX or the Company) (TSX-V: MDX) is pleased to announce that it has closed on the final $1.4 million of the $4 million Non-brokered Private Placement of 80 Convertible Debenture Loan Notes, each with a face value of $50,000 (Convertible Notes), as originally announced in its Press Release dated January 25, 2021.

Key Points: 
  • MedX Health Corp. (MedX or the Company) (TSX-V: MDX) is pleased to announce that it has closed on the final $1.4 million of the $4 million Non-brokered Private Placement of 80 Convertible Debenture Loan Notes, each with a face value of $50,000 (Convertible Notes), as originally announced in its Press Release dated January 25, 2021.
  • The Convertible Notes will bear interest at 6% per year, payable Quarterly, and will mature on December 31, 2023 (the Maturity Date).
  • The Convertible Notes may be converted, at the option of the Holder, into units at $0.14 per unit (Unit) at any time until the Maturity Date.
  • SIAscopy is also imbedded in its products SIAMETRICS, SIMSYS, and MoleMate, which MedX manufactures in its ISO 13485 certified facility.

The Chefs’ Warehouse Announces Pricing of $50 Million of 1.875% Convertible Senior Notes Due 2024

Thursday, February 25, 2021 - 1:59am

The Convertible Notes issuance is a reopening of, and will be part of the same series as, the $150 million aggregate principal amount of 1.875% Convertible Senior Notes due 2024 (the Existing Notes) issued by the Company on November 22, 2019.

Key Points: 
  • The Convertible Notes issuance is a reopening of, and will be part of the same series as, the $150 million aggregate principal amount of 1.875% Convertible Senior Notes due 2024 (the Existing Notes) issued by the Company on November 22, 2019.
  • While the Convertible Notes will initially trade under a Rule 144A CUSIP number, once de-legended, the Convertible Notes will have the same CUSIP number and will be fully fungible with the Existing Notes.
  • The Convertible Notes will be convertible at the option of holders of the Convertible Notes into shares of the Companys common stock, together with cash in lieu of any fractional share.
  • The Convertible Notes will mature on December 1, 2024, unless earlier converted or repurchased in accordance with their terms.

The Chefs’ Warehouse Announces Offering of $50 Million of Convertible Senior Notes Due 2024

Wednesday, February 24, 2021 - 9:05pm

The Convertible Notes issuance is a reopening of, and will be part of the same series as, the $150 million aggregate principal amount of 1.875% Convertible Senior Notes due 2024 (the Existing Notes) issued by the Company on November 22, 2019.

Key Points: 
  • The Convertible Notes issuance is a reopening of, and will be part of the same series as, the $150 million aggregate principal amount of 1.875% Convertible Senior Notes due 2024 (the Existing Notes) issued by the Company on November 22, 2019.
  • While the Convertible Notes will initially trade under a Rule 144A CUSIP number, once de-legended, the Convertible Notes will have the same CUSIP number and will be fully fungible with the Existing Notes.
  • The Convertible Notes are expected to pay interest semiannually and will be convertible at the option of holders of the Convertible Notes into shares of the Companys common stock.
  • Final pricing terms of the Convertible Notes will be determined by negotiations between the Company and the initial purchaser of the Convertible Notes.

Green Plains Announces Proposed Concurrent Public Offerings of $150 million of Common Stock and $150 Million Aggregate Principal Amount of Convertible Senior Notes

Wednesday, February 24, 2021 - 9:01pm

The notes will be convertible into cash, shares of the companys common stock or a combination of cash and common stock, at the election of the company, when certain conditions are met.

Key Points: 
  • The notes will be convertible into cash, shares of the companys common stock or a combination of cash and common stock, at the election of the company, when certain conditions are met.
  • The interest rate, conversion rate, offering price and other terms will be determined at the time of pricing of the offering of the notes.
  • The Company also owns a 48.9% limited partner interest and a 2.0% general partner interest in Green Plains Partners LP.
  • Green Plains assumes no obligation to update any such forward-looking statements, except as required by law.

Enphase Energy Announces Proposed $1.0 Billion Green Convertible Senior Notes Offering

Wednesday, February 24, 2021 - 12:00pm

The notes will also be redeemable at our option after a specified date and subject to the satisfaction of certain conditions.

Key Points: 
  • The notes will also be redeemable at our option after a specified date and subject to the satisfaction of certain conditions.
  • The conversion rate and other terms of the notes are to be determined upon pricing of the offering.
  • Repurchases of Outstanding 2024 Notes and/or 2025 Notes:
    Concurrently with the offering of the notes and from time to time after this offering, we intend to enter into separate and privately negotiated repurchase transactions (the Note Repurchase Transactions) with one or more holders of our 1.0% Convertible Senior Notes due 2024 (the 2024 notes) and/or our 0.25% Convertible Senior Notes due 2025 (the 2025 notes).
  • We may also unwind the remaining existing convertible note hedge and warrant transactions with respect to the 2024 notes and 2025 notes at any time immediately following completion of the offering of the notes.

Dropbox, Inc. Announces Upsize and Pricing of $1.306 Billion Convertible Senior Notes Offering

Wednesday, February 24, 2021 - 8:29am

The aggregate principal amount of the offering was increased from the previously announced offering size of $1.135 billion.

Key Points: 
  • The aggregate principal amount of the offering was increased from the previously announced offering size of $1.135 billion.
  • The 2026 Notes and the 2028 Notes are each referred to herein as a series of notes.
  • The Notes will not bear interest and the principal of each series of Notes will not accrete.
  • If the initial purchasers exercise their option to purchase additional notes, Dropbox intends to enter into additional convertible note hedge and additional warrant transactions relating to the additional notes.