MGM Mirage ends debt exchange offer because not enough holders accept the dealOctober 1st, 2009 MGM Mirage ends debt exchange offerLAS VEGAS — Casino operator MGM Mirage said Thursday that it has ended a debt exchange offer because not enough debt holders accepted the deal. The offer gave holders the chance to exchange up to $782 million in 8.5 percent senior notes due in 2010 for up to $500 million in 10 percent senior notes due in 2016.
UAL to launch offerings of 19 million common shares and $175M in notesSeptember 30th, 2009 UAL to launch public offering of stock and notesNEW YORK — The parent company of United Airlines, UAL Corp., says it plans to offer 19 million shares and $175 million in convertible senior notes due 2029 in a pair of public offerings. Shares fell 60 cents, or 6.5 percent, to $8.62 in aftermarket trading.
Mercer International recasts exchange offer, increasing its value and extending maturity dateSeptember 10th, 2009 Mercer International recasts exchange offerNEW YORK — Pulp and paper producer Mercer International Inc. said Wednesday it is increasing the amount being offered in exchange for its 8.5 percent convertible senior subordinated notes.
Photronics says it will offer at least 6.3M in new stock and $50M in notes due 2014September 9th, 2009 Photronics plans to sell stock and senior notesBROOKFIELD, Conn. — Photronics Inc.
American Dairy pays down convertible notes ahead of scheduleSeptember 1st, 2009 American Dairy pays down convertible notes earlyLOS ANGELES — American Dairy Inc. on Tuesday said that it has paid down a portion of its convertible notes ahead of schedule.
NCI Building Systems' shares plunge after company announces debt exchange termsAugust 27th, 2009 NCI announces debt exchange terms; shares plungeHOUSTON — Metal building-components maker NCI Building Systems Inc. said Thursday it would proceed with an offer to exchange the notes of existing bondholders with cash and a minority stake in the company.
Wesco receives $429 million for 2 debt exchange offersAugust 24th, 2009 Wesco receives $429M for debt exchange offeringsPITTSBURGH — Electrical and industrial supplier Wesco International Inc. said Monday it received tender offers valued at $429 million for previously announced debt exchange offerings.
Sinclair Broadcast in deal to pay off $438 million in senior notes with new debt, shares jumpAugust 21st, 2009 Sinclair Broadcast, debt holders reach dealNEW YORK — Shares of TV station owner Sinclair Broadcast Group Inc., which has been suffering from a decline in advertising, jumped Friday after the company said it had reached a deal to pay off about $438 million in convertible notes with new debt. Its shares advanced 83 cents, or nearly 40 percent, to $2.98 in morning trading.
RR Donnelley launches cash-for-debt offer, plans to sell $350 million in new notesAugust 19th, 2009 RR Donnelley launches cash tender offer, new debtCHICAGO — R.R. Donnelley & Sons Co.
North American Palladium plans private placement of up to $50 million in notesAugust 18th, 2009 NA Palladium plans placement up to $50M in notesNEW YORK — Canadian precious metals company North American Palladium Ltd. said Monday it has entered into a private placement of up to $50 million in 7 percent secured convertible notes.
Janus says repurchase offer expires, raises cap to $444 millionAugust 12th, 2009 Janus says tender offer expires, raises offer capDENVER — Janus Capital Group Inc. on Wednesday said its offer to repurchase outstanding notes has expired and it has raised the repurchase amount after a better-than-expected response from investors.
Pinnacle Entertainment plans tender offer for $135M senior subordinated notes due 2013July 27th, 2009 Pinnacle plans tender offer for notes due 2013LAS VEGAS — Pinnacle Entertainment Inc. said Monday that it plans a cash tender offer for $135 million of its outstanding senior subordinated notes due 2013.
Weingarten Realty Investors expands, extends tender offerJune 29th, 2009 Weingarten Realty expands, extends tender offerHOUSTON — Real estate investment trust Weingarten Realty Investors said Monday it has expanded an offer to repurchase outstanding notes to a total $325 million, and extended the time it's giving investors to decide on the maximum tender offer. The new total is nearly $78 million higher than the the amount specified in the original June 1 offer to exchange convertible notes due in 2026, Houston-based Weingarten Realty said.
Few notes tendered to McClatchy debt exchange offerJune 26th, 2009 Few take up McClatchy debt exchange offerSACRAMENTO, Calif., — The McClatchy Co.'s offer to exchange debt for a fraction of its value met a 9 percent acceptance rate, the newspaper publisher said Friday. The Sacramento-based company had hoped to exchange $1.15 billion in debt for $60 million in cash and $175 million in new notes to reduce its debt load in the face of a severe decline in advertising revenue.
IGT: initial buyers of $725M convertible notes fully exercise overallotment optionMay 8th, 2009 IGT: overallotment option fully exercisedRENO, Nev. — International Game Technology, a slot machine and casino management systems maker, said Thursday that the initial buyers of $725 million in convertible notes due in 2014 have fully exercised their option to buy up to an additional $125 million in notes, known as their "overallotment option."
The private offering, including the overallotment sales, brought in $850 million.
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