IFR US ECM PRICINGS
Centrus Energy (US, uranium processing) ─ $700m 7y cvt priced at 0%, up 22.5% versus 0% fixed and 17.5%-22.5% marketing. BOFA, JPM, EVER. Upsized from $650m.
Euronet Worldwide (US, fintech) ─ $850m 5y cvt priced at 0.625%, up 30% versus 0.5%-1% and 27.5%-32.5% marketing. WF, BOFA, HSBC, RBC. Company is buying back $131.3m of common stock. Capped call to $180.78, an 85% premium.
Highview Merger (US, SPAC) ─ $230m IPO. 23m units (Primary) at $10.00. JEFF. Nasdaq “HVMC”. Each unit comprises one share and one-half warrant. David Boris/Taylor Rettig. No defined target. 24 months. 100% in trust
Intuitive Machines (US, aerospace & defense) ─ $300m 5y cvt priced at 2.5%, up 25% versus 2.25%-2.75% and 22.5%-27.5% marketing. CANT, DB, STFL. Upsized from $250m. Capped call to $20.98, a 100% premium.
Klaviyo (US, software) ─ $196.4m Block. 6.5m shares (Secondary) at $30.22 versus $30.22 fixed price marketing and $31.48 last sale. BARC. Summit Partners is the selling shareholder.
Latam Airlines (Chile, airlines) ─ $766.8m Block. 18m shares (Secondary) at $42.60 versus $42.40-$43.00 marketing and $44.75 last sale. JPM, BARC. Upsized from 15m shares.
Miami International (US, electronic trading) ─ $345m IPO. 15m shares (Primary) at $23.00 versus $19-$21 marketing. JPM, MS, PS. NYSE “MIAX”. Wellington Management has indicated for $40m of the offering.
Solventum (US, healthcare supplies) ─ $648.1m Block. 8.8m shares (Secondary) at $73.65 versus $73.65-$74.48 marketing and $74.38 last sale. GS, BOFA. 3M is the selling shareholder.