Tuesday, 19 June 2018

Stephen Lacey' s stories

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  • Twilio logo

    Twilio connects with investors on US$475m CB

    Top News | 18 May 2018

    Twilio’s communications service is embedded in Uber, Whatsapp and other ubiquitous mobile apps, enabling the company to build its cash pile last week via a US$475m convertible bond paying a coupon of just 0.25%.

  • Alteryx US$200m CB prints at 98 OID

    Structured Equity | 18 May 2018

    Things are humming along for Alteryx, the machine-learning analytics provider that went public a little over a year ago. From its IPO in March, to a secondary sell-down in September, the company has thrashed investor expectations on a quarterly basis.

  • Akamai streams 0.125% on US$1bn seven-year CB

    Structured Equity | 18 May 2018

    After settling decade-long litigation and making friendly with an activist shareholder, Akamai Technologies continued recent success with a US$1bn seven-year convertible bond that is among the lowest-cost financings ever.

  • Shell logo

    Shell pumps out profit on US$3.3bn block

    Top News | 11 May 2018

    Against a backdrop of global political unrest, Royal Dutch Shell secured US$3.3bn overnight on Monday from the sale of its entire 8% stake in Canadian Natural Resources.

  • Nabors plugs balance sheet with US$500m of equity

    Equities | 11 May 2018

    Drilling rig operator Nabors Industries is taking its time taking out near-term debt maturities.

  • Warrior Met Coal churns cash flow to shareholders

    Equities | 11 May 2018

    Warrior Met Coal, the reconstituted met coal assets of the bankrupt Walter Energy, proved a disappointment on its April 2017 IPO, although this was largely because of inflated investor expectations.

  • Shell logo

    Shell nets US$3.3bn on block sale of CNR

    Ticker | 08 May 2018

    Royal Dutch Shell monetised its entire 8% stake of Canadian Natural Resources in a US$3.3bn block sale overnight on Monday.

  • NiSource secures US$600m

    Equities | 04 May 2018

    NiSource, a regulated natural gas utility, has been under pressure to stabilise its credit ratings amid declines in cash flows.

  • Centene logo

    Centene expands coverage on US$2.6bn equity raise

    Equities | 04 May 2018

    With a back story as intriguing as any recent M&A deal, Centene secured the equity funding for its pending US$3.75bn acquisition of Fidelis Care with a US$2.6bn equity raise.

  • PermRock sinks on entry into public markets

    Equities | 04 May 2018

    Mineral royalty trusts pay investors income from a commodity resource with a finite life, ultimately dissolving when underlying production has exhausted.