Convertibles Calendar

ON THE HORIZON

EAGLE BANCORP INC. (Nasdaq: EGBN): up to $30 million of non-cumulative convertible perpetual preferred stock; registered deal; to price in the third quarter after its merger with Fidelity & Trust Corp.; offering is expected to be made primarily to the community bank's shareholders; proceeds will be used to further strengthen capital; in Bethesda, Md.-based community bank.

CVR ENERGY INC. (NYSE: CVI): $125 million five-year convertible senior notes; greenshoe for $18.75 million; Goldman, Sachs & Co., Citigroup (joint books), Deutsche Bank Securities and Credit Suisse; off shelf; concurrent stock offering of 10 million shares; contingent conversion at 130%; non-callable, no puts; escrow for interest payments to 2011; Sugar Land, Texas-based independent refiner and marketer of high-value transportation fuels will use proceeds for general corporate purposes.

INTERNATIONAL CONVERTIBLES

ON THE HORIZON

OPAL ENERGY CORP. (TSX: OPA): up to $35 million of five-year convertible senior secured notes; Rule 144A; $5.25 million greenshoe; proceeds earmarked for natural gas and oil exploration and production on Gulf Coast region of Texas; Vancouver, B.C.-based independent exploration and production company.

PACIFIC ASIA PETROLEUM INC. (OTC Bulletin Board: PFAP): $75 million of redeemable convertible preference shares; Regulation S; proceeds to fund the purchase of participating interests held by ChevronTexaco in four coalbed methane and tight gas sand resource blocks in China; Hartsdale, N.Y.-based oil and gas company with a focus on China.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.