Equities

IFR US ECM Calendar

| Robert Sherwood

PRICINGS

HMH (US, oilfield services) ─ $210.4m IPO. 10.5m shares (Primary) at $20.00 versus $19-$22 marketing. JPM, PS, EVER, CITI, DNB, STFL. Nasdaq “HMHW”. A portion of proceeds being used to repurchase 4.2m shares from Baker Hughes and Akastor for $40.5m.

CALENDAR

March 31: Service Properties Trust (US, hospitality REIT) ─ $500m FO. Fixed size (Primary) versus $1.79 at launch. YORK, JONES. Wall cross. Backed with $150m of indications of interest from Helix Partners and RMR Group, plus incremental support from members of the management team.

Topics

Equity Capital Structured Equity Americas North America United States Marketed Follow-Ons Canada US Dollar Initial Public Offerings (IPO) ABBs and Block Trades

Issuers

HMH Holding BV Service Properties Trust (SVC.OQ) Baker Hughes Co (BKR.O) Akastor ASA (AKAST.OL)