As part of our market update series, please see the summary below of what we saw in the convertible market in April. Additional details on all the deals are in the attached. New Issuance: After a very quiet March (with no deals after March 4), April was extremely busy as markets ... >>>Read More
Is the PIPE Alternative Worth Considering?
In the last several weeks, we have seen companies in the sectors most directly affected by Covid-19 (consumer/retail, travel) access the private markets through PIPE investments (Private Investment in Public Equity), as well as the public equity and equity-linked markets. The table below summarizes ... >>>Read More
Convertible Market Access for Covid-19 Impacted Sectors
Last week, the convertible market was very active with 6 new issue transactions totalling $2.6 billion in issuance. Three of the issuers were from sectors that have been deeply impacted by the Covid-19 pandemic: two in retail (Burlington Stores and Dick’s Sporting Goods) and one in travel ... >>>Read More
COVID-19 and Dividend Suspensions
In a previous post, we analyzed the trend of suspending share repurchases to preserve liquidity during the COVID-19 crisis. In a similar theme, many companies are also now reconsidering their dividend programs. We quantified the number of companies that have announced the reduction or ... >>>Read More
Slack: Covid-19 New Issue Convertible Update
The new issue convertible market got a notable data point with the offering for Slack Technologies, which priced a $750 million 5-year offering after the close Monday. The deal priced with a 0.5% coupon and 27.5% conversion premium. The transaction was marketed with a L + 500 bps ... >>>Read More
- « Previous Page
- 1
- …
- 3
- 4
- 5
- 6
- 7
- …
- 12
- Next Page »