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San Miguel raises $800-M in PH's largest corporate bond issue
2013-04-19 11:24:12| Beverages - Topix.net
San Miguel Corp., the Philippines' most diversified conglomerate, has raised $800 million via a 10-year bond issue, the largest ever dollar-denominated overseas issue by a private local firm.
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Intelsat raises USD 472 million in IPO
2013-04-18 14:02:00| Telecompaper Headlines
(Telecompaper) Satellite operator Intelsat has raised USD 471.7 million in its initial public offering of shares, net of underwriting costs. The company sold 19.32 million common shares at USD 18 per share, below the indicated range of USD 21-25 per share, as well as 3 million convertible, non-voting preference shares at USD 50 each. The preference shares carry a dividend rate of 5.75 percent and will convert automatically to common shares on 01 May 2016. The underwriters have a 30-day option to purchase up to an additional 2.9 million common shares and 450,000 preferred shares. Intelsat's shares will be listed on the New York Stock Exchange. The company intends to use substantially all of the net proceeds from the IPO to reduce debt.
Brown Shoe raises executive pay
2013-04-18 03:37:44| Apparel - Topix.net
Brown Shoe Co. will increase executives' base salary by an average of 4.26 percent in 2013, the company disclosed in a regulatory filing today .
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Brown Shoe raises executive pay
2013-04-18 00:10:49| Footwear - Topix.net
Brown Shoe Co. will increase executives' base salary by an average of 4.26 percent in 2013, the company disclosed in a regulatory filing today .
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Men's Wearhouse raises its credit limit
2013-04-17 19:23:30| Apparel - Topix.net
Men's Wearhouse Inc. boosted the amount it can borrow under a revolving credit deal from $200 million to $300 million, and also set up a $100 million term loan.
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