Financings: Pre-Week Review
Nov 30, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/11/30/financings-pre-week-review-3/)November 30, 2009 (FinancialWire) - Financings news last week included (NASDAQ: JRCC), (NYSE: TRW), (NASDAQ: RTLX) and others:CECO Environmental Sells $10.8 Million Of Convertible Notes: November 30, 2009 (FinancialWire) aEUR" CECO Environmental Corp. (NASDAQ: CECE), a provider of industrial ventilation and pollution control systems, said it has closed a $10.8 million of 6% subordinated convertible promissory notes.The notes are due in November 2014 and bear interest of 6.0% per annum, payable quarterly at the end of each calendar quarter. They... (continued at http://www.financialwire.net/2009/11/30/ceco-environmental-sells-10-8-million-of-convertible-notes/).China In-Focus: SINA Closes Private Equity Financing: November 30, 2009 (FinancialWire) aEUR" SINA Corp. (NASDAQ: SINA), a Chinese online media firm, said that a subscription for ordinary shares by New-Wave Investment Holding company Ltd., under an agreement entered into between SINA and New-Wave in September, has been completed.New-Wave is a British Virgin Islands company established and controlled by Charles Chao, SINA's president... (continued at http://www.financialwire.net/2009/11/30/china-in-focus-sina-closes-private-equity-financing/).Developers Diversified Closes $400 Million Loan Securitization: November 30, 2009 (FinancialWire) aEUR" Developers Diversified Realty Corp. (NYSE: DDR) has closed a securitization of a $400 million, five year loan to the company that was originated by an affiliate of Goldman, Sachs & Co. (NYSE: GS) on October 8, 2009.Beginning November 25, 2009, the blended interest rate on the loan that the company... (continued at http://www.financialwire.net/2009/11/30/developers-diversified-closes-400-million-loan-securitization/).Sands Claims Macau Project Financing Complete: November 30, 2009 (FinancialWire) aEUR" Sands China Ltd., a subsidiary of Las Vegas Sands Corp. (NYSE: LVS), said that through one of its subsidiaries, it has now secured project financing commitments of $1.75 billion, which will be used to complete the first two phases of construction of the company's largest integrated resort on the Cotai... (continued at http://www.financialwire.net/2009/11/30/sands-claims-macau-project-financing-complete/).China In-Focus: QKL Stores Closes Common Share Offering: November 30, 2009 (FinancialWire) aEUR" QKL Stores Inc. (NASDAQ: QKLS), a leading regional supermarket chain in Northeast China, said it has closed a public offering of six million shares of common stock at a purchase price of $5.75 per share. Roth Capital Partners acted as the sole book runner for the offering.The net proceeds, after... (continued at http://www.financialwire.net/2009/11/30/china-in-focus-qkl-stores-closes-common-share-offering/).Altra Holdings Closes $210.0 Million 8 1/8% Senior Secured Notes: November 30, 2009 (FinancialWire) aEUR" Altra Holdings, Inc. (Altra Holdings) (NASDAQ: AIMC), announced the closing of its offering of $210.0 million 8 1/8% Senior Secured notes due 2016 (the offering). The offering resulted in net proceeds to the company, after deducting initial purchaser discounts and estimated expenses, of approximately $201.9 million.Concurrently with the consummation of... (continued at http://www.financialwire.net/2009/11/30/altra-holdings-closes-210-0-million-8-18-senior-secured-notes/).TapImmune Announces Additional Funding: November 27, 2009 (FinancialWire) aEUR" TapImmune Inc. (OTCBB: TPIV), a biotechnology company specializing in the development of immunotherapeutic vaccines for cancer and infectious diseases, within the last 60 days secured an additional $600,000 in equity funding, bringing the total for the last six months of 2009 to over $1,000,000.The recent investors acquired $.80 units with... (continued at http://www.financialwire.net/2009/11/27/tapimmune-announces-additional-funding/).Archipelago Learning Closes Initial Public Offering: November 27, 2009 (FinancialWire) aEUR" Archipelago Learning, Inc. (NASDAQ: ARCL) announced the closing of its initial public offering of 7,187,500 shares of its common stock at a price of $16.50 per share. The company sold 3,125,000 shares in the offering, and the selling stockholders sold 4,062,500 shares, including 937,500 shares sold to the underwriters by... (continued at http://www.financialwire.net/2009/11/27/archipelago-learning-inc-closes-initial-public-offering/).Two Capstone Clean Energy Product Development Projects Selected For Funding Grants: November 27, 2009 (FinancialWire) aEUR" Capstone Turbine Corp. (NASDAQ: CPST) a leading clean technology manufacturer of microturbine energy systems, has received notice of grant awards by the U.S. Department of Energy and Israel's Binational Industrial Research and Development Foundation to participate in two separate clean energy product development projects valued in excess of $3 million.The... (continued at http://www.financialwire.net/2009/11/27/two-capstone-clean-energy-product-development-projects-selected-for-funding-grants/).Cubic Energy Acquires $30,952,810 In Drilling Credits: November 27, 2009 (FinancialWire) aEUR" Cubic Energy, Inc. (NYSE AMEX: QBC) has entered into transactions with Tauren Exploration, Inc. (Tauren) and an affiliate of Tauren, both of which are entities controlled by Calvin Wallen III, the chief executive officer of the company, under which Cubic has acquired $30,952,810 in pre-paid drilling credits (the "Drilling Credits)... (continued at http://www.financialwire.net/2009/11/27/cubic-energy-inc-acquires-30952810-in-drilling-credits/).Global Defense Technology Closes $36.270 Million IPO: November 27, 2009 (FinancialWire) aEUR" Global Defense Technology & Systems, Inc. (NASDAQ: GTEC) has closed its initial public offering of 4.6 million shares of common stock, of which 3.0 million shares were sold by the company and 1.6 million shares were sold by certain selling stockholders.The offering was priced at $13.00 per share and resulted... (continued at http://www.financialwire.net/2009/11/27/global-defense-technology-closes-36-270-million-ipo/).HF Financial Closes $23 Million Common Stock Offering: November 27, 2009 (FinancialWire) aEUR" HF Financial Corp. (NASDAQ: HFFC) has closed an underwritten public offering of common stock at a public offering price of $8.00 per share. The company sold 2.875 million shares of its common stock, which includes the exercise in full by the underwriters of their over-allotment option, for total gross proceeds... (continued at http://www.financialwire.net/2009/11/27/14884/).China In-Focus: China Green Agriculture Closes $20 Million Stock Offering: November 27, 2009 (FinancialWire) aEUR" China Green Agriculture, Inc. (AMEX: CGA), a Chinese producer and distributor of fertilizer has completed a registered direct offering with several select institutional investors for 1,282,052 shares of its common stock at a price of $15.60 per share, resulting in gross proceeds of $20,000,011.20.A subsidiary of Rodman & Renshaw Capital... (continued at http://www.financialwire.net/2009/11/27/china-in-focus-china-green-agriculture-closes-20-million-stock-offering/).Duke Energy Receives $22 Million Federal Grant For Wind Energy Storage: November 25, 2009 (FinancialWire) aEUR" Duke Energy (NYSE: DUK) said it plans to match a $22 million grant from the U.S. Department of Energy to design, build and install large-scale batteries to store wind energy at one of its wind farms in Texas.The batteries at Duke Energy's Notrees Windpower Project in Ector and Winkler counties,... (continued at http://www.financialwire.net/2009/11/25/duke-energy-receives-22-million-federal-grant-for-wind-energy-storage/).Affymax Close $80 Million Common Stock Offering: November 25, 2009 (FinancialWire) aEUR" Affymax, Inc. (NASDAQ: AFFY) has closed an underwritten public offering of 4,726,027 shares of its common stock, which includes the full exercise of the underwriter's overallotment option of 616,438 shares. Cowen and Co. (NASDAQ: COWN) and Lazard Capital Markets (NYSE: LAZ) were joint bookrunners.The net proceeds to the company after... (continued at http://www.financialwire.net/2009/11/25/affymax-close-80-million-common-stock-offering/).Carpenter Technology Closes $200 Million Credit Revolver: November 25, 2009 (FinancialWire) aEUR" Carpenter Technology Corp. (NYSE: CRS) said it has closed a $200 million syndicated credit facility. The three year revolving line of credit replaces a five year $150 million revolver due to expire in August, 2010 and a $50 million accounts receivable securitization facility due to expire in March, 2010. The... (continued at http://www.financialwire.net/2009/11/25/carpenter-technology-closes-200-million-credit-revolver/).Ford Amends Revolving Credit Line: November 25, 2009 (FinancialWire) aEUR" Automaker Ford Motor Co. (NYSE: F) said it has completed a plan to amend and extend the company's revolving credit facility under its secured credit agreement. The agreements, which cover nearly $8 billion of debt, are an important step in helping the automaker which did not require a federal bailout... (continued at http://www.financialwire.net/2009/11/25/ford-amends-revolving-credit-line/).Gerdau Ameristeel Refinances $610 Million Loan: November 25, 2009 (FinancialWire) aEUR" Gerdau Ameristeel Corp. (NYSE: GNA) said it has entered into a loan agreement pursuant to which a wholly-owned subsidiary will borrow $610 million on arm's length terms from Gerdau Holdings Inc., a subsidiary of Gerdau S.A.The loan, which is expected to be funded on December 3, 2009, will be a... (continued at http://www.financialwire.net/2009/11/25/gerdau-ameristeel-refinances-610-million-loan/).SVB Financial Sells 7.8 Million Common Shares: November 25, 2009 (FinancialWire) aEUR" SVB Financial Group (NASDAQ: SIVB) has closed a public offering of 7.8 million shares of its common stock at a public offering price of $38.50 per share. J.P. Morgan Securities (NYSE: JPM) and BofA Merrill Lynch (NYSE: MER) acted as the joint-bookrunning managers.The company received net proceeds of approximately $286... (continued at http://www.financialwire.net/2009/11/25/svb-financial-sells-7-8-million-common-shares/).Timberline Announces Private Placement Financing Completion: November 24, 2009 (FinancialWire) aEUR" Timberline Resources Corp. (NYSE AMEX: TLR) (Timberline) has executed subscription agreements and closed (conditional upon NYSE AMEX acceptance) its offering for 3,003,400 units of Timberline at $1.00 per Unit, for gross proceeds of $3,003,400.Each unit consists of one share of common stock of Timberline and one half of one common... (continued at http://www.financialwire.net/2009/11/24/timberline-announces-completion-of-private-placement-financing/).Willis Lease Finance Closes Revolving Credit Facility For $240 Million: November 24, 2009 (FinancialWire) aEUR" Willis Lease Finance Corp. (NASDAQ: WLFC), a leading lessor of commercial jet engines, has closed a new revolving credit facility. The $240 million credit facility, with an interest rate equal to LIBOR plus 3.5%, is available to Willis Lease on a revolving basis for three years through November 2012.The credit... (continued at http://www.financialwire.net/2009/11/24/willis-lease-finance-closes-revolving-credit-facility-for-240-million/).China In-Focus: China Green Agriculture Eyes $20 Million Financing: November 24, 2009 (FinancialWire) aEUR" China Green Agriculture, Inc. (AMEX: CGA), a producer and distributor of humic acid-based compound fertilizer in China, has entered into agreements to sell 1,282,052 shares of its common stock at a price per share of $15.60 for gross proceeds of approximately $20 million.The shares are being sold under the company's... (continued at http://www.financialwire.net/2009/11/24/china-in-focus-china-green-agriculture-eyes-20-million-financing/).Oncolytics Biotech Raises $12.75 Million: November 24, 2009 (FinancialWire) aEUR" Oncolytics Biotech Inc. (NASDAQ: ONCY) has closed a $12.75 million offering in which a syndicate of underwriters purchased 4,250,000 units of the company, each unit comprised of one common share and 0.4 of a common share purchase warrant, at a price of $3.00 per unit.Each whole common share purchase warrant... (continued at http://www.financialwire.net/2009/11/24/oncolytics-biotech-raises-12-75-million/).Arcadia Resources Raises $11.1 Million: November 24, 2009 (FinancialWire) aEUR" Arcadia Resources, Inc. (AMEX: KAD), a provider of consumer health care services, said it has completed the sale of shares of its common stock and warrants to purchase common stock in a registered direct offering to institutional investors, representing gross proceeds to Arcadia of approximately $11.1 million.Under the terms of... (continued at http://www.financialwire.net/2009/11/24/arcadia-resources-raises-11-1-million/).Smith International Sells 28 Million Common Shares: November 24, 2009 (FinancialWire) aEUR" Smith International, Inc. (NYSE: SII) has closed apublic offering of 28 million shares of its common stock at $26.50 per share. J.P. Morgan Securities (NYSE: JPM) acted as the bookrunning manager.The company plans to use the net proceeds from the offering for debt repayment, general corporate purposes, and funding of... (continued at http://www.financialwire.net/2009/11/24/smith-international-sells-28-million-common-shares/).Transatlantic Holdings Raises $350 Million: November 24, 2009 (FinancialWire) aEUR" Transatlantic Holdings, Inc. (NYSE: TRH) has closed a registered offering of $350 million aggregate principal amount of its 8.00% senior notes due 2039. Goldman, Sachs & Co. (NYSE: GS) and Wells Fargo Securities (NYSE: WFC) were underwriters for the offering.New York-based Transatlantic Holdings is a reinsurance organization with operations on... (continued at http://www.financialwire.net/2009/11/24/transatlantic-holdings-raises-350-million/).Salix Pharmaceuticals Sells 6.325 Million Common Shares: November 24, 2009 (FinancialWire) aEUR" Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) has closed a public offering of 5.5 million shares of its common stock at a price of $21.00 per share. Jefferies & Co. (NYSE: JEF) acting as the sole bookrunning manager of the offering. The underwriter exercised in full its over-allotment option to purchase an additional... (continued at http://www.financialwire.net/2009/11/24/salix-pharmaceuticals-sells-6-325-million-common-shares/).TRW Sells $250 Million Of Senior Notes: November 24, 2009 (FinancialWire) aEUR" TRW Automotive Holdings Corp.'s (NYSE: TRW) TRW Automotive Inc. unit has completed its offering of $250 million in aggregate principal amount of senior unsecured notes due 2017. The notes will have an interest rate of 8.875% and will be issued at a price equal to 99.292% of their face value.The... (continued at http://www.financialwire.net/2009/11/24/trw-sells-250-million-of-senior-notes/).Poniard Pharmaceuticals Raises $7.4 Million: November 24, 2009 (FinancialWire) aEUR" Poniard Pharmaceuticals (NASDAQ: PARD) reported the sale of 3,465,878 of its common shares to Azimuth Opportunity Ltd. for gross proceeds of approximately $7.4 million, or approximately $2.15 per share, under its existing committed equity financing facility with Azimuth.The company plans to use the $7.3 million in net proceeds from this... (continued at http://www.financialwire.net/2009/11/24/poniard-pharmaceuticals-raises-7-4-million/).Triangle Capital Invests $8.0 million In Anesthesia Services Provider: November 23, 2009 (FinancialWire) aEUR" Triangle Capital Corp. (NASDAQ: TCAP) closed an $8.0 million debt investment with warrants in a leading physician management company that provides contracted outsourced anesthesiology services to hospitals and medical centers in the Midwest.TCAP is a leading specialty finance company that provides customized financing solutions to lower middle market companies located... (continued at http://www.financialwire.net/2009/11/23/triangle-capital-corp-invests-8-0-million-in-anesthesia-services-provider/).Retalix Announces Strategic Financing Transaction Closing: November 23, 2009 (FinancialWire) aEUR" Retalix(R) Ltd. (NASDAQ: RTLX), a provider of software solutions for retailers and distributors, announced that the private placement transaction entered into by Retalix on September 3, 2009 with the Alpha investor group was consummated recently.Retalix issued to the investors 3,612,804 ordinary shares, constituting 17.7% of the outstanding share capital (prior... (continued at http://www.financialwire.net/2009/11/23/retalix-announces-closing-of-strategic-financing-transaction/).TRW Automotive Sells $259 Million Of Senior Notes: November 23, 2009 (FinancialWire) aEUR" TRW Automotive Holdings Corp.'s (NYSE: TRW) wholly-owned subsidiary, TRW Automotive Inc., has completed a private offering of 3.50% exchangeable senior notes due 2015.The company also said that the underwriters fully exercised their option to purchase additional notes to cover over-allotments, resulting in a total sale of $259 million in aggregate... (continued at http://www.financialwire.net/2009/11/23/trw-automotive-sells-259-million-of-senior-notes/).James River Coal Sells $172.50 Million Of Senior Notes: November 23, 2009 (FinancialWire) aEUR" James River Coal Co. (NASDAQ: JRCC ) has closed an offering of $150 million principal amount of 4.50% convertible senior notes due 2015 and an additional $22.50 million principal amount of notes in connection with the exercise by the initial purchasers of their over-allotment option on November 17, 2009.The notes... (continued at http://www.financialwire.net/2009/11/23/james-river-coal-sells-172-50-million-of-senior-notes/).FinancialWire(TM) is a fully independent, proprietary news wire service. FinancialWire(TM) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(TM) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(TM) directly via [email protected] annual reports, filings and conference call webcasts for companies mentioned in the news are available via Investrend Syndications (http://investrend.ar.wilink.com/?level=279). 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