Equity & Debt Offerings

Prudential Financial, Inc. (NYSE:PRU) Fulfills AFP Habitat Investment Purchase

Prudential Financial, Inc. (NYSE:PRU) Fulfills AFP Habitat Investment Purchase

Prudential Financial, Inc. (NYSE:PRU) revealed on Wednesday the completion of its acquisition of an indirect ownership interest in Administradora de Fondos de Pensiones (AFP) Habitat SA, one of the top retirement services provider in Chile, from Chilean Construction Chamber’s investment subsidiary, Inversiones La Construccion SA (ILC). Prudential purchased nearly 40% of AFP Habitat, which was a publicly traded stock on[Read More…]

by October 5, 2016
Summit Materials, Inc. (NYSE:SUM) Issues $250M Senior Notes

Summit Materials, Inc. (NYSE:SUM) Issues $250M Senior Notes

Summit Materials, Inc. (NYSE:SUM) revealed on Tuesday that its subsidiaries Summit Materials Finance Corporation and Summit Materials LLC have come up with a final agreement on its offering of $250 million net principal amount of 8.500% senior notes, which are due in 2022. The completion is expected to happen on March 8. Summit Materials will use the proceeds to acquire[Read More…]

by February 24, 2016
Cisco Systems, Inc. (NASDAQ:CSCO) Unveils $7B Notes

Cisco Systems, Inc. (NASDAQ:CSCO) Unveils $7B Notes

Six series of unsecured notes amounting in a net principal amount of roughly $7 billion was recently disclosed by network equipment company, Cisco Systems, Inc. (NASDAQ:CSCO). Subject to customary closing conditions, it is set to close on February 29. Note Maturity The unsecured notes are set to mature in 2018, 2019, 2021, 2023, and 2026. In February, 2018, $1 billion[Read More…]

by February 23, 2016
Nokia Corporation (ADR) (NYSE:NOK) Issuing 6.5 Million Shares To Boost Ownership In Alcatel (ALU)

Nokia Corporation (ADR) (NYSE:NOK) Issuing 6.5 Million Shares To Boost Ownership In Alcatel (ALU)

Nokia Corporation (ADR) (NYSE:NOK) has issued close to 6.5 million new shares in what is called “directed share issue.” The development followed the authorization to do so by the Extraordinary General Meeting on Dec. 2, 2015. According to Nokia Corporation (ADR) (NYSE:NOK), the shares have been issued so that the company can gain more Alcatel Lucent SA (ADR) (NYSE:ALU) shares[Read More…]

by February 22, 2016