Therefore, EPR must still balance debt issuances
with equity issuances to keep its debt metrics roughly the same as they are today.
Not exact matches
Adjusted Net Income is defined as net income excluding (i) franchise agreement amortization, which is a non-cash expense arising as a result of acquisition accounting that may hinder the comparability of our operating results to our industry peers, (ii) amortization of deferred financing costs and debt
issuance discount, a non-cash component of interest expense, and (gains) losses on early extinguishment of debt, which are non-cash charges that vary by the timing, terms and size of debt financing transactions, (iii)(income) loss from
equity method investments, net of cash distributions received from
equity method investments, (iv) other operating expenses (income), net, and (v) other specifically identified costs associated
with non-recurring projects.
There is some early evidence that Big Finance is pulling back,
with new
equity issuance down recently.
The table above does not include (i) 5,952,917 shares of Class A common stock reserved for
issuance under our 2015 Incentive Award Plan (as described in «Executive Compensation — New Employment Agreements and Incentive Plans»), consisting of (x) 2,689,486 shares of Class A common stock issuable upon exercise of options to purchase shares of Class A common stock granted on the date of this prospectus to our directors and certain employees, including the named executive officers, in connection
with this offering as described in «Executive Compensation — Director Compensation» and «Executive Compensation — New
Equity Awards,» and (y) 3,263,431 additional shares of Class A common stock reserved for future
issuance and (ii) 24,269,792 shares of Class A common stock issuable to the Continuing SSE
Equity Owners upon redemption or exchange of their LLC Interests as described in «Certain Relationships and Related Party Transactions — SSE Holdings LLC Agreement.»
Revenue from
equities trading as well as advising on mergers, IPOs and debt
issuance helped fuel gains at the investment bank,
with UBS saying the results would have been even stronger excluding currency effects.
From a historical standpoint, however, when the
equity market has joined persistent overvalued, overbought, overbullish extremes
with deteriorating market internals,
with a cherry on top featuring two - tiered speculation in glamour stocks and heavy new
issuance of stock by companies that predominantly have no earnings, we find it difficult to find any precedent that hasn't worked out quite badly.
This innovative structure includes a replenishment feature, which allows BXMT to maintain the 82 % advance rate of the initial loans and the CLO
issuance (coupled
with the $ 392 million
equity raise in December) reduced BXMT's debt - to -
equity ratio to only 2.0 x (down significantly from 2.6 x as of 9/30).
Domestic
issuance of hybrid securities (that is, those securities that contain features of both debt and
equity) has also been strong recently,
with $ 0.8 billion issued in the June quarter, and a further $ 0.8 billion in July.
Aggregate
equity raisings in the September quarter were in line
with average
issuance of the past few years,
with net
issuance totalling $ 4 billion.
For watchers of newish ASX entrants
with tiny revenues, large market capitalisations and a penchant for
equity issuance, infant formula brand Wattle Health Australia sits high on the list.
In combination
with the anti-dilution provisions contained in the Convertible Preferred Stock (the «BFC Preferred»), an
equity issuance at current levels would be significantly dilutive to existing shareholders (even if completed through a Rights Offering).
From a historical standpoint, however, when the
equity market has joined persistent overvalued, overbought, overbullish extremes
with deteriorating market internals,
with a cherry on top featuring two - tiered speculation in glamour stocks and heavy new
issuance of stock by companies that predominantly have no earnings, we find it difficult to find any precedent that hasn't worked out quite badly.
Equity issuance, debt amortization, re-financing & property revaluations have left the sector in an enviable position —
with a cap weighted average of only 55 %.
Global law firm Norton Rose Fulbright has advised Greencoat UK Wind PLC (Greencoat UKW), the leading listed renewable infrastructure fund, in connection
with a # 340 million
equity offering which forms part of Greencoat UKW's new share
issuance programme and the acquisitions in 2017 of eight wind farms.
Practicing in Houston, she has represented domestic and international clients in a variety of industries in connection
with initial public offerings, public and private
issuances of
equity and debt securities, exchange offerings, joint ventures, mergers, acquisitions and dispositions.
To give you an example, under the Companies Act, 2013,
issuance of
equity shares
with differential rights is permitted inter-alia only if a company boasts a consistent track record of distributable profits for the previous three years.
With chapters written by local experts from major jurisdictions worldwide,
Equity Derivatives covers topics such as: regulatory authorities; market structure; categories and types of over-the-counter and exchange - traded equity derivatives; borrowing, selling, and repurchasing shares; risks facing dealers and counterparties; bankruptcy and insolvency rules; reporting obligations; insider trading regulations; taxation issues; and the design and issuance of structured pro
Equity Derivatives covers topics such as: regulatory authorities; market structure; categories and types of over-the-counter and exchange - traded
equity derivatives; borrowing, selling, and repurchasing shares; risks facing dealers and counterparties; bankruptcy and insolvency rules; reporting obligations; insider trading regulations; taxation issues; and the design and issuance of structured pro
equity derivatives; borrowing, selling, and repurchasing shares; risks facing dealers and counterparties; bankruptcy and insolvency rules; reporting obligations; insider trading regulations; taxation issues; and the design and
issuance of structured products.
Equity Residential will pay its portion of the purchase price
with $ 2.016 billion in cash, including proceeds from asset sales, and the
issuance of 34,468,058 shares of common stock, plus the assumption of $ 5.5 billion in secured debt.