Stephen Lacey is US Editor for International Financing Review, helping to oversee editorial content across the region. He has particular expertise in coverage of the equity capital markets – IPOs, follow-on stock sales, and equity-linked securities – spanning the entire corporate life cycle, from venture and private equity to entry and maturation in the public markets.
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Having slashed capex as well as its dividend, Linn Energy went on the offensive last night with a US$188.6m overnight raising. The financing follows a reduction last week in the E&P limited partnership’s borrowing base and supplements an ongoing at-the-market sales programme that has seen it raise U
In its efforts to minimize cash payments on debt, Mexican cement company Cemex cut a deal with a handful of creditors this week to exchange convertible bonds for new securities and shares.
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