Financings: Pre-Week Review
November 16, 2009 (FinancialWire) — Financings news last week included Omnicity Corp (OTCBB: OMCY), OGE Energy Corp. (NYSE: OGE) and others:
Pacific Premier Bancorp Sells 4.615 Million Common Shares: November 10, 2009 (FinancialWire) — Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) has closed a public offering of 4,615,385 shares of its common stock at $3.25 per share. The company received net proceeds of around $13.9 million. The company has granted the underwriter a 30-day option to purchase up to an additional 692,307 shares of the stock… (continued at http://www.financialwire.net/2009/11/11/service-corp-sells-150-million-of-senior-notes/).
Service Corp. Sells $150 Million Of Senior Notes: November 11, 2009 (FinancialWire) — Service Corp. International (NYSE: SCI) has completed a public offering of $150 million of its 8.00% senior notes due 2021. The company plans to use the net proceeds from the offering, together with available cash, to fund the company’s acquisition of Keystone North America Inc. Houston, Texas-based Service Corp… (continued at http://www.financialwire.net/2009/11/11/service-corp-sells-150-million-of-senior-notes/).
Cedar Shopping Centers Closes Renewal of Credit Facility: November 11, 2009 (FinancialWire) — Cedar Shopping Centers, Inc. (NYSE: CDR) has closed on the renewal of its $265 million secured revolving credit facility. The facility is for a two-year period ending January 31, 2012, with a one-year extension at Cedar’s option, subject to compliance and loan covenants. The facility also has an accordion feature permitting… (continued at http://www.financialwire.net/2009/11/11/cedar-shopping-centers-closes-renewal-of-credit-facility/).
Enogex Pipeline Unit Sells $250 Million Of Senior Notes: November 11, 2009 (FinancialWire) — OGE Energy Corp. (NYSE: OGE) said that its midstream pipeline subsidiary, Enogex LLC, has sold $250 million of 6.25 percent 10-year senior notes. Enogex plans to apply the net proceeds from the sale of the new notes for general corporate purposes, including repaying, at maturity, a portion of the $289.2 million… (continued at http://www.financialwire.net/2009/11/11/enogex-pipeline-unit-sells-250-million-of-senior-notes/).
Omnicity Secures Financing To Accelerate Its Acquisition Strategy: November 12, 2009 (FinancialWire) — Omnicity Corp (OTCBB: OMCY), the Midwest’s largest and fastest growing fixed Wireless Internet Service Provider, announced the closure of a $1,170,000 financing. This financing is earmarked for the completion of several asset purchase agreements (acquisitions) in various stages of closure. This financing will assist Omnicity in the furthering of its mission… (continued at http://www.financialwire.net/2009/11/12/omnicity-secures-financing-to-accelerate-its-acquisition-strategy/).
Agree Realty Closes $11.4 Million Financing: November 13, 2009 (FinancialWire) — Agree Realty Corp. (NYSE: ADC) (Current Market Cap: $190.76 Mil.) has closed a $11.4 million secured financing. The loan is secured by mortgages on three of the company’s retail properties located in Flint, Michigan. The $11.4 million total consists of three non-recourse, self-amortizing notes that mature in July 2026. Each note… (continued at http://www.financialwire.net/2009/11/13/agree-realty-closes-11-4-million-financing/).
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Free 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). Friday’s issued reports and/or recorded webcasts include Yanglin Soybean Inc. (OTCBB: YSYB), J.C. Penney (NYSE: JCP), Penford Corporation (NASDAQ: PENX), Savanna Energy Services Corp. (TSX: SVY) and ZAGG Inc. (NASDAQ: ZAGG).
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