IFR US ECM Calendar
Week of February 23: AGT Food and Ingredients (Canada, food) ─ C$460m TSX IPO (Primary, Secondary). 15.33m-17.69m shares at C$26-$30. NBF, SCOT. TSX “AGTF”. OMERS is the selling shareholder.
February 23: CenterPoint Energy (US, electric utility) ─ $550m 3y cvt marketed at 2.75%-3.25%, up 25%-30%. JPM, BARC, CITI, MS, WF.
February 23: Consolidated Edison (US, utilities) ─ $785m Block. 7m shares (Primary) marketed at $111.00-$112.14 versus $112.14 last sale. JPM. Forward sale.
February 23: Itron (US, energy infrastructure) ─ $600m 6y cvt marketed at 0%-0.5%, up 22.5%-27.5%. JPM, WF, BNPP. Concurrent $125m share repurchase. Capped call. ICR Capital is independent advisor.
February 23: PPL (US, electric utility) ─ $1bn 3y mand cvt marketed at 6.75%-7.25% div, up 20%-25%. JPM, MS, BOFA, RBC. NYSE “PPLU”.
February 24: Tandem Diabetes Care (US, medical devices) ─ $200m 6y cvt marketed at 0%, up 30%-35%. GS, BARC. Capped call.
February 24: Whirlpool (US, household appliances) ─ $400m FO. Fixed size (Primary) versus $83.21 at launch. WF, CITI, JPM, MIZU, BNPP. Concurrent $400m mandatory CB.
February 24: Whirlpool (US, household appliances) ─ $400m 3y mand cvt marketed at 8.25%-8.5% div, up 17.5%-22.5%. WF, CITI, JPM, MIZU, BNPP. Concurrent $400m common offering.
February 25: Robinhood Ventures Fund I (US, closed end fund) ─ $1bn IPO. 40m shares (Primary, Secondary) at $25.00. GS. Robinhood Markets is selling 5m shares.
February 26: Generate Biomedicines (US, biotech) ─ $425m IPO. 25m shares (Primary) at $15-$17. GS, MS, PS, GUGG, CANT. Nasdaq “GENB”.