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Roark puts $200m into $CAKE in return for
-1% commitment fee
-9.5% div (cash or pik)
-participation in common dividends on as converted basis
-convertible to common stock at $22.23, 18.75% above last close but 56% below 52 wk high
Not a bad way to put money to work...
-1% commitment fee
-9.5% div (cash or pik)
-participation in common dividends on as converted basis
-convertible to common stock at $22.23, 18.75% above last close but 56% below 52 wk high
Not a bad way to put money to work...
KKR puts $500m into $USFD
-7% dividend (pik first year, then cash or pik thereafter)
-Convertible to common at $21.50, 24% above last but 50% below 52 wk high
-Appointed board seat
Not as good as the CAKE deal, but still not a bad way to deploy capital
-7% dividend (pik first year, then cash or pik thereafter)
-Convertible to common at $21.50, 24% above last but 50% below 52 wk high
-Appointed board seat
Not as good as the CAKE deal, but still not a bad way to deploy capital
Providence Equity Partners and Ares put $400m into $OUT
-7% coupon (cash or pik)
-Conversion price of $16, 30% above prior close but 50% below 52 wk high
-Appointed board seat
Will be interesting to keep a list of these going. Please add any more relevant deals to this thread.
-7% coupon (cash or pik)
-Conversion price of $16, 30% above prior close but 50% below 52 wk high
-Appointed board seat
Will be interesting to keep a list of these going. Please add any more relevant deals to this thread.
