Sentences with phrase «amount of convertible notes»

If the offering is consummated with net proceeds of $ 1 billion and at least $ 2 billion aggregate principal amount of the Convertible Notes are converted into Class A common stock, the company expects its overall indebtedness would be reduced by approximately $ 3 billion.

Not exact matches

Marriott Vacations Worldwide Corporation (NYSE: VAC)(the «Company») announced today the pricing on September 20, 2017 of the offering of $ 200 million aggregate principal amount of convertible senior notes due 2022 (the «notes»).

Marriott Vacations Worldwide Corporation (NYSE: VAC)(the «Company») announced today that it intends to offer, subject to market and other conditions, $ 200 million aggregate principal amount of convertible senior notes due 2022 (the «notes») in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»).

When the Company seeks cash investments from outside investors, like you, the new investors typically pay a much larger sum for their shares than the founders or earlier investors, which means that the cash value of your stake is immediately diluted because each share of the same type is worth the same amount, and you paid more for your shares (or the notes convertible into shares) than earlier investors did for theirs.

They include a 7.5 % cash fee and a 5 % convertible note or equity fee, both taken on the amount of capital raised via SeedInvest.

September 19, 2017 - Marriott Vacations Worldwide Corporation (NYSE: VAC)(the «Company») announced today that it intends to offer, subject to market and other conditions, $ 200 million aggregate principal amount of convertible senior notes due 2022 (the «notes») in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the «Securities Act»).

The convertible note discount rate allows investors to convert the amount of their loan, plus accrued interest, into equity at a reduced price relative to the investors in that subsequent round.

As of December 31, 2012, the principal amount of our 4 % convertible notes outstanding was $ 115.8 million.

Shortly after we opened the position ACLS failed to make a payment required under its 4.25 % Convertible Senior Subordinated Notes, which meant that the company was required to repay the outstanding principal amount of the notes plus a maturity premium and accrued interest (a total payment of approximately $ 85 million) on JanuarNotes, which meant that the company was required to repay the outstanding principal amount of the notes plus a maturity premium and accrued interest (a total payment of approximately $ 85 million) on Januarnotes plus a maturity premium and accrued interest (a total payment of approximately $ 85 million) on January 15.

Under the terms of the merger agreement AVGN shareholders will have the right to elect to receive an amount currently estimated by AVGN's board at $ 1.24 per share in either cash or secured convertible notes to be issued by MNOV.

Davis Polk acted as special product counsel to the representatives of the initial purchasers in connection with a Rule 144A offering by Five9, Inc. of an aggregate principal amount of $ 258.75 million of its 0.125 % convertible senior notes due 2023.

Its unpaid bills amounted to roughly $ 100 million, and a $ 400 million convertible note would have become payable immediately, plus interest, if the carmaker hadn't raised money before the end of the year.

If the offering is consummated, all of Realogy's Convertible Notes in the aggregate principal amount of approximately $ 2.1 billion would be converted into Class A common stock or redeemed at 90 percent of the principal amount thereof on or about the closing of the offering, and holders of approximately $ 2 billion aggregate principal amount of such Convertible Notes have indicated that they intend to so convert.

The company's board of directors has recently authorized a debt repurchase program under which Inland Real Estate Corp. may from time to time repurchase up to $ 30.0 million in principal amount of its outstanding 4.625 % convertible senior notes due 2026.