Topic Archives: Change in control

02-11-14 Canadian Solar (CSIQ)

February 11, 2014 – 12:04 am

********** $100m (+15m) sen unsec cb coming tonite from CS/JPM/NOM.Terms:5y 4¼-¾% up 25-30%, full pctns.Concrnt 2.6m (+390k) stk placement UOP=gcp/expanding capacity. $1.7bn solar manufacturer founded in 2001 w/facilities in CANADA/CHINA & 1000 custies in 40 countries Stk +11x since 03/13 (yes 11x!). PFcash=274m,debt=1.092bn (800m= s/term Chinese bank funding),LTMebitda=185m,fcf=130m.FY14 ebitda exp 432m, FY15 525m. Different busineses […]

COC permitted holders carveout

January 9, 2012 – 3:14 am

Distressed Debt Investing 11/1/10 Over the past week, many high yield and credit strategist put out a number of pieces on the recent rise of LBOs.  What has driven this renewed interest in the LBO space? Lower cost of debt capital in the form of all time low yields across the B and BB space.  […]