RBC Capital Markets

Hercules Capital Prices Upsized Public Offering of $350.0 Million 3.375% Notes due 2027

Retrieved on: 
Friday, January 14, 2022 - 10:33pm

Hercules Capital, Inc. (NYSE: HTGC) (Hercules or the Company), today announced that it has priced an underwritten public offering of $350.0 million in aggregate principal amount of 3.375% notes due January 2027 (the Notes).

Key Points: 
  • Hercules Capital, Inc. (NYSE: HTGC) (Hercules or the Company), today announced that it has priced an underwritten public offering of $350.0 million in aggregate principal amount of 3.375% notes due January 2027 (the Notes).
  • The closing of the transaction is subject to customary closing conditions and the Notes are expected to be delivered and paid for on January 20, 2022.
  • Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, and SMBC Nikko Securities America, Inc. are acting as joint book-running managers of this offering.
  • In addition, Hercules has one retail bond issuance of 6.25% Notes due 2033 (NYSE: HCXY).

Spirit Realty Capital, Inc. Announces Pricing of an Upsized Public Offering of 8,200,000 Shares of Common Stock

Retrieved on: 
Friday, January 14, 2022 - 3:13am

In connection with the offering of shares of common stock, the Company entered into a forward sale agreement with Morgan Stanley and BofA Securities (or affiliates thereof) (which the Company refers to as the forward purchasers), with respect to 8,200,000 shares of the Companys common stock.

Key Points: 
  • In connection with the offering of shares of common stock, the Company entered into a forward sale agreement with Morgan Stanley and BofA Securities (or affiliates thereof) (which the Company refers to as the forward purchasers), with respect to 8,200,000 shares of the Companys common stock.
  • The underwriters of the offering also have been granted a 30-day option to purchase up to 1,230,000 additional shares of the Companys common stock.
  • The Company will not initially receive any proceeds from the sale of shares of its common stock by the forward purchasers.
  • All of the shares of common stock will be offered under the Companys effective shelf registration statement filed with the Securities and Exchange Commission (SEC).

Brompton Lifeco Split Corp. Completes Treasury Offering

Retrieved on: 
Thursday, January 13, 2022 - 1:53pm

TORONTO, Jan. 13, 2022 (GLOBE NEWSWIRE) -- (TSX: LCS, LCS.PR.A) Brompton Lifeco Split Corp. (the “Company”) is pleased to announce that it has completed the previously announced treasury offering of class A shares and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively) for aggregate gross proceeds of approximately $40.5 million. The Class A Shares and Preferred Shares will trade on the Toronto Stock Exchange (“TSX”) under the existing symbols LCS (Class A Shares) and LCS.PR.A (Preferred Shares).

Key Points: 
  • TORONTO, Jan. 13, 2022 (GLOBE NEWSWIRE) -- (TSX: LCS, LCS.PR.A) Brompton Lifeco Split Corp. (the Company) is pleased to announce that it has completed the previously announced treasury offering of class A shares and preferred shares (the Class A Shares and Preferred Shares, respectively) for aggregate gross proceeds of approximately $40.5 million.
  • The Class A Shares and Preferred Shares will trade on the Toronto Stock Exchange (TSX) under the existing symbols LCS (Class A Shares) and LCS.PR.A (Preferred Shares).
  • Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including exchange-traded funds (ETFs) and other TSX traded investment funds.
  • Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

SSR MINING ANNOUNCES THE SALE OF ITS PITARRILLA PROJECT FOR TOTAL CONSIDERATION OF UP TO US$127 MILLION

Retrieved on: 
Thursday, January 13, 2022 - 12:00pm

The cash and equity components of the consideration totaling US$70 million will be paid upon closing of the Transaction.

Key Points: 
  • The cash and equity components of the consideration totaling US$70 million will be paid upon closing of the Transaction.
  • The Transaction is expected to be accretive to SSR Mining on an NAV per share basis, based on street consensus estimates.
  • In addition, the cash and equity components of the consideration received exceed the net book value of the Pitarrilla project.
  • With this transaction, SSR Mining continues to deliver on its goal of portfolio rationalization, realizing value for shareholders by monetizing non-core assets.

Ares Capital Corporation Prices Public Offering

Retrieved on: 
Thursday, January 13, 2022 - 2:15am

Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced a public offering of 10,000,000 shares of its common stock.

Key Points: 
  • Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced a public offering of 10,000,000 shares of its common stock.
  • Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its credit facilities.
  • Ares Capital believes its loans and other investments in these companies can generate attractive levels of current income and potential capital appreciation for investors.
  • Ares Capital is externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES), a publicly traded, leading global alternative investment manager.

Andretti Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering

Retrieved on: 
Wednesday, January 12, 2022 - 11:30pm

Andretti Acquisition Corp., a special purpose acquisition company (the Company), announced today the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit.

Key Points: 
  • Andretti Acquisition Corp., a special purpose acquisition company (the Company), announced today the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit.
  • The offering is expected to close on January 18, 2022, subject to customary closing conditions.
  • The Company has granted the underwriter a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.
  • No assurance can be given that the proposed initial public offering will be completed on the terms described, or at all, or that the net proceeds of the initial public offering will be used as indicated.

Ares Capital Corporation Announces Public Offering

Retrieved on: 
Wednesday, January 12, 2022 - 9:09pm

Ares Capital Corporation (Nasdaq: ARCC) announced that it plans to make a public offering of 10,000,000 shares of its common stock.

Key Points: 
  • Ares Capital Corporation (Nasdaq: ARCC) announced that it plans to make a public offering of 10,000,000 shares of its common stock.
  • Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its debt facilities.
  • Ares Capital believes its loans and other investments in these companies can generate attractive levels of current income and potential capital appreciation for investors.
  • Ares Capital is externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES), a publicly traded, leading global alternative investment manager.

Partners Value Investments LP Announces Normal Course Issuer Bids

Retrieved on: 
Wednesday, January 12, 2022 - 11:55am

The price which the Partnership will pay for any Equity LP Units and Preferred LP Units purchased will be the market price of the Equity LP Units and Preferred LP Units at the time of acquisition.

Key Points: 
  • The price which the Partnership will pay for any Equity LP Units and Preferred LP Units purchased will be the market price of the Equity LP Units and Preferred LP Units at the time of acquisition.
  • Any Equity LP Units and/or Preferred LP Units acquired through the Bids will be cancelled.
  • As of December 22, 2021, there were 67,462,461 Equity LP Units outstanding and 16,038,362 Preferred LP Units outstanding.
  • Of the 3,669,481 Equity LP units and 999,828 Preferred LP Units approved for purchase under the Partnerships prior normal course issuer bids that commenced on October 1, 2020 and expired on September 30, 2021, the Partnership purchased 109,500 Equity LP Units and did not make any purchase of Preferred LP Units through the facilities of the Exchange.

Bernhard Capital Partners Announces Personnel Promotions

Retrieved on: 
Wednesday, January 12, 2022 - 12:00am

Jim Bernhard, Founder and Partner at Bernhard Capital Partners, commented: "We are very pleased to congratulate Mark, Catherine, Bryan, Chris and Jason on their well-deserved promotions.

Key Points: 
  • Jim Bernhard, Founder and Partner at Bernhard Capital Partners, commented: "We are very pleased to congratulate Mark, Catherine, Bryan, Chris and Jason on their well-deserved promotions.
  • Bernhard Capital Partners is a services and infrastructure-focused private equity management firm established in 2013.
  • Bernhard Capital Partners has deployed capital in three funds across several strategies, has approximately $2.5 billion of gross assets under management and is ranked as one of Private Equity International's 300 largest private equity firms worldwide.
  • Bernhard Capital Partners seeks to create sustainable value by leveraging its experience in acquiring, operating and growing services and infrastructure businesses.

Algonquin Power & Utilities Corp. Announces Consideration of Subordinated Debt Offerings

Retrieved on: 
Monday, January 10, 2022 - 5:40pm

There is no certainty that AQN will complete either of the Offerings or as to the timing or terms on which either of the Offerings might be completed.

Key Points: 
  • There is no certainty that AQN will complete either of the Offerings or as to the timing or terms on which either of the Offerings might be completed.
  • About Algonquin Power & Utilities Corp.
    Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets.
  • Specific forward-looking statements in this news release include, but are not limited to, statements regarding the expected use of proceeds of the Offerings.
  • Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates.