- SunEdison (SUNE -2.1%) has upsized its convertible debt offering to $1B from $800M; the company will sell $500M worth of senior notes due 2018, and an equal quantity of notes due 2021. (PR)
- Net proceeds are expected to total $974.2M. As previously stated, SunEdison plans to use $750M of the proceeds to pay down existing high-interest debt. The rest will be used for hedge transactions and "general corporate purposes."
- The 2018 notes carry an interest rate of 2%, and the 2021 notes a rte of 2.75%. Both sets of notes have an initial conversion price of $14.62/share; that represents a 30% premium to current trading levels.
- Shares are adding to the losses they saw yesterday in response to SunEdison's Q4 warning.
From other sites
Video at CNBC.com (Aug 20, 2015)
Video at CNBC.com (Aug 6, 2015)
at CNBC.com (Apr 9, 2015)
at CNBC.com (Jan 15, 2015)
at CNBC.com (Jan 14, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs