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Monday, 16 July 2018

Stephen Lacey' s stories

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  • A Bombardier plant in Montreal

    Bombardier turnaround requires US$500m equity plug

    Top News | 09 March 2018

    Bombardier’s move to secure C$638.4m (US$500m) overnight on Tuesday through a stock sale marked a tactical strike in the long-running turnaround of the iconic Canadian aircraft and train maker.

  • Ares Capital logo

    Tax cut sees Ares drop LP structure

    Top News | 09 March 2018

    Ares Management received plenty of attention when it restructured itself as a traditional corporate instead of a limited partnership.

  • Deutsche Bank hedges Voya exposure

    Structured Equity | 09 March 2018

    Deutsche Bank hedged a portion of its long exposure to Voya Financial through the issue of long five-year equity-linked notes Thursday.

  • US one-hundred dollar bills

    Assurant lowers stock dilution with US$250m MCB

    Ticker | 08 March 2018

    Specialty insurer Assurant did everything to minimize the costs of funding its US$1.9bn acquisition of The Warranty Group (TWG), providing US$1bn of equity consideration and selling a mandatory convertible to fund part of the US$900m cash consideration.

  • A Bombardier plant in Montreal

    Bombardier douses cash flow burn with US$495m stock sale

    Ticker | 06 March 2018

    Bombardier reloaded its balance sheet with C$638.4m (US$495m) of equity overnight Monday as the iconic Canadian aircraft and train maker looks to aid its turnaround.

  • Ares Capital logo

    Ares goes public again as C-Corp

    Ticker | 06 March 2018

    Alternative asset manager Ares Management is making quick hay of its conversion from a publicly traded limited partnership to a tax-paying C-Corp with a circa US$375m stock sale comprised of both primary and secondary shares.

  • Spotify logo from company website

    Spotify flies to public markets without a net

    Top News | 02 March 2018

    Spotify Technology continued its quixotic voyage to the public markets by filing its registration with the SEC on Wednesday, starting the clock ticking on its direct NYSE listing.

  • Spotify logo from company website

    Spotify rocks convention with direct listing

    Ticker | 01 March 2018

    Spotify Technology kicked off its quixotic voyage to the public markets by filing its registration statement Wednesday afternoon with US regulators to facilitate a direct NYSE listing.

  • RingCentral gets bullish response to US$350m CB

    Ticker | 28 February 2018

    RingCentral, a communications software provider, on Wednesday launched marketing of a US$350m five-year convertible bond, continuing a trend of fast-growing software companies seeking to cash in on strong investor demand.

  • Rite Aid sign

    Albertsons to list through Rite Aid merger

    Top News | 23 February 2018

    US grocery giant Albertsons moved a step closer to finally securing a listing by agreeing to merge with publicly traded drug store chain Rite Aid in a US$22.5bn tie-up of troubled retailers.