Equity & Debt Offerings

CenterPoint Energy logo. (PRNewsFoto)

CenterPoint Energy, Inc. (NYSE:CNP) Seals $363M Deal With Enable Midstream Partners (NYSE:ENBL)

CenterPoint Energy, Inc. (NYSE:CNP) revealed that it has closed its investment in 14.52 million units of 10% Series A Fixed-to-Floating Non-Cumulative Redeemable Perpetual Preferred Units that represent limited partner interests in Enable Midstream Partners (NYSE:ENBL) at $25 per unit. In line with this, Enable Midstream redeemed about $363 million of notes payable to CenterPoint Energy Resources Corporation, an indirect of[Read More…]

by February 19, 2016
Marathon Oil Corporation (NYSE:MRO) Trims 2016 Capital Plan

Marathon Oil Corporation (NYSE:MRO) Trims 2016 Capital Plan

Marathon Oil Corporation (NYSE:MRO) will now channel $1.4 billion to capital budget in 2016. That marks a more than 59% step-down in capital spending compared to 2015. The company has also increased its target for asset sales, now seeking to unlock up to $1 billion through asset divestment.Marathon finished 4Q2015 with cash and short-term investments of $2.4 billion offset by[Read More…]

by February 18, 2016
Lesson Pandora Media Inc (NYSE:P) Could Have Learnt From Uber

Lesson Pandora Media Inc (NYSE:P) Could Have Learnt From Uber

Uber and Pandora Media Inc (NYSE:P) are two companies with contrasting approaches to raising capital. Uber is a privately owned global on-demand taxi services while Pandora is a publicly listed global on-demand radio, and entertainment service provider. There strategies on raising capital is a clear manifestation of the importance of critical thinking on equity decisions when a company is starting[Read More…]

by February 17, 2016
Vodafone Group Plc (ADR) (NASDAQ:VOD) And Liberty Global PLC To Merge Their Dutch Operations

Vodafone Group Plc (ADR) (NASDAQ:VOD) And Liberty Global PLC To Merge Their Dutch Operations

Vodafone Group Plc (ADR)(NASDAQ:VOD) and Liberty Global PLC have agreed on merging their business operations in the Netherlands. The two companies will form a 50:50 joint venture. Vodafone will have to make cash payment of € 1 billion to equalise the ownership in the new joint venture. This is based on thevaluation of the after deducting Ziggos’s €7.3 billion net[Read More…]

by February 16, 2016