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Taylor Morrison Home Corporation Completes Its Initial Public Offering

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Taylor Morrison Home Corporation Completes Its Initial Public Offering

SCOTTSDALE, Ariz.–(BUSINESS WIRE)– Taylor Morrison Home Corporation (NYS: TMHC) today announced that it has completed its initial public offering of 32,857,800 shares of the Company’s Class A common stock, including 4,285,800 shares of Class A common stock sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters, at a price to the public of $22.00 per share. The shares began trading on the New York Stock Exchange on April 10, 2013 under the ticker symbol “TMHC.”

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Zelman Partners LLC acted as joint book-running managers for the offering.

The offering of these securities was made only by means of a prospectus, copies of which may be obtained from the offices of:

From: http://www.dailyfinance.com/2013/04/12/taylor-morrison-home-corporation-completes-its-ini/

 
Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, NY 10010-3629
(800) 221-1037
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RTI International Metals Announces Public Offering of Convertible Senior Notes Due 2019

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RTI International Metals Announces Public Offering of Convertible Senior Notes Due 2019

PITTSBURGH–(BUSINESS WIRE)– RTI International Metals, Inc. (NYS: RTI) , today announced its intention to offer, subject to market and other conditions, approximately $250 million principal amount of convertible senior notes due October 15, 2019 in an offering registered under the Securities Act of 1933, as amended (the “Securities Act“). Upon conversion, RTI will deliver or pay, as the case may be, shares of RTI common stock, cash or a combination of cash and shares of RTI common stock, at RTI‘s election. RTI also expects to grant the underwriters of the offering an option to purchase up to $37.5 million aggregate principal amount of additional notes to cover over-allotments, if any.

The notes will be senior unsecured obligations of RTI and will pay interest semi-annually. The interest rate, conversion rate, offering price and other terms will be determined at the time of pricing of the offering. The notes will be guaranteed by each of RTI‘s subsidiaries that guarantee RTI‘s obligations under RTI‘s current credit facility, as amended. Each subsidiary guarantee will be a joint and several, unconditional guarantee of RTI‘s obligations under the notes and the indenture under which the notes are issued.

RTI intends to use the net proceeds from the sale of the notes for working capital and general corporate purposes, including capital expenditures, potential future acquisitions and potential repurchases of its outstanding 3.000% Convertible Senior Notes due 2015.


Underwriters Contact Information

Barclays Capital Inc. and Citigroup Global Markets Inc. are acting as joint book-running managers of the offering. The notes will be offered and sold under RTI‘s effective shelf registration statement, as amended, on file with the Securities and Exchange Commission (the “SEC“). Before you invest, you should read the prospectus and prospectus supplement to that registration statement and other documents RTI has filed with the SEC for more complete information about RTI and this offering. You may obtain electronic copies of these filed documents at the SEC web site at www.sec.gov. Printed copies of the preliminary prospectus supplement and accompanying prospectus relating to this offering may also be obtained by requesting copies from the joint book-running

From: http://www.dailyfinance.com/2013/04/11/rti-international-metals-announces-public-offering/

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Frontier Communications Announces Extension of the Early Tender Deadline With Respect to its Tender

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Frontier Communications Announces Extension of the Early Tender Deadline With Respect to its Tender Offer for its 8.250% Senior Notes due 2017

STAMFORD, Conn.–(BUSINESS WIRE)– Frontier Communications Corporation (NAS: FTR) today announced that it has extended the early tender deadline from 5:00 p.m., New York City Time, on April 9, 2013 to 5:00 p.m., New York City Time, on April 11, 2013 with respect to its previously announced cash tender offer (the “Offer”) to purchase up to $225.0 million aggregate principal amount of its 8.250% Senior Notes due 2017 (the “2017 Notes”). The Company is not extending the withdrawal deadline with respect to the Offer for the 2017 Notes, which occurred on April 9, 2013 (the “Withdrawal Deadline“). Accordingly, previously tendered 2017 Notes and 2017 Notes tendered after the Withdrawal Deadline and prior to the expiration of the Offer may not be withdrawn. As previously announced, the Offer is scheduled to expire at 9:00 a.m., New York City Time, on April 24, 2013, unless extended or terminated.

Frontier has retained J.P. Morgan Securities LLC, Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and RBS Securities Inc. to serve as dealer managers for the Offer. Frontier has retained MacKenzie Partners, Inc. to serve as the depositary and information agent.

For additional information regarding the terms of the Offer, please contact J.P. Morgan Securities LLC at (800) 245-8812 (toll free) or (212) 270-1200 (collect), Barclays Capital Inc. at (800) 438-3242 (toll free) or (212) 528-7581 (collect), BofA Merrill Lynch at (888) 292-0070 (toll free) or (646) 855-3401 (collect), Citigroup Global Markets Inc. at (800) 558-3745 (toll free) or (212) 723-6106 (collect), Credit Suisse Securities (USA) LLC at (800) 820-1653 (toll free) or (212) 538-0083 (collect), Deutsche Bank Securities Inc. at (866) 627-0391 (toll free) or (212) 250-7527 (collect), Morgan Stanley & Co. LLC at (800) 624-1808 (toll free) or (212) 761-1057 (collect) or RBS Securities Inc. at (877) 297-9832 (toll free) or (203) 897-4825 (collect). Requests for documents and questions regarding the tender of the 2017 Notes may be directed to MacKenzie Partners, Inc. at (800) 322-2885 (toll free) or (212) 929-5500 (collect).

None of Frontier, Frontier’s board of directors, any of the dealer managers, the depositary and information agent and the trustee under the 2017 Notes makes any recommendation in connection with the Offer. Holders must make their own decisions as to whether to tender their 2017 Notes, and, if so, the principal amount of 2017 Notes to tender.

…read more

Source: FULL ARTICLE at DailyFinance

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Taylor Morrison Home Corporation Announces Pricing of Initial Public Offering

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Taylor Morrison Home Corporation Announces Pricing of Initial Public Offering

SCOTTSDALE, Ariz.–(BUSINESS WIRE)– Taylor Morrison Home Corporation (NYS: TMHC) today announced the pricing of its initial public offering of 28,572,000 shares of the Company’s Class A common stock at a price to the public of $22.00 per share. The shares will be listed on the New York Stock Exchange and will trade under the ticker symbol “TMHC” beginning on April 10, 2013. The underwriters also have a 30-day option to purchase up to an additional 4,285,800 shares of the Company’s Class A common stock at the initial public offering price less the underwriting discount. The offering is expected to close on April 12, 2013.

Total net proceeds to the Company from the offering, after deducting the underwriting discount, will be approximately $590.9 million. The Company intends to use approximately $204.3 million of the net proceeds to purchase ownership interests in its direct operating subsidiary whose subsidiaries will then use those proceeds to redeem approximately $189.6 million of their outstanding senior notes. The Company intends to use the remaining approximately $386.6 million of the net proceeds, together with cash on hand, to purchase additional ownership interests in its direct operating subsidiary from its current equity sponsors and certain members of management.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Zelman Partners LLC are acting as joint book-running managers for the offering.

The offering of these securities was made only by means of a prospectus, copies of which may be obtained from the offices of:

Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, NY 10010-3629
(800) 221-1037
newyork.prospectus@credit-suisse.com

Citigroup Global Markets Inc.
Attention: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
(800) 831-9146

Deutsche Bank Securities Inc.
Attention: Prospectus Group
60 Wall Street
New York, New York 10005-2836
(800) 503-4611
prospectus.cpdg@db.com

Goldman, Sachs & Co.
Attn: Prospectus Department
200 West Street
New York, NY 10282
(866) 471-2526
prospectus-ny@ny.email.gs.com

J.P. Morgan Securities LLC
Attention: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
(866) 803-9204

A registration statement relating to the common shares has been filed with, and declared effective by, the Securities and Exchange Commission. This press release does not constitute an offer to sell, or the solicitation of an …read more

Source: FULL ARTICLE at DailyFinance

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Frontier Communications Corporation Prices Upsized Offering of $750.0 Million of Senior Notes Due 20

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Frontier Communications Corporation Prices Upsized Offering of $750.0 Million of Senior Notes Due 2024

STAMFORD, Conn.–(BUSINESS WIRE)– Frontier Communications Corporation (NAS: FTR) announced today that it has priced an upsized registered offering of $750.0 million aggregate principal amount of 7.625% Senior Notes due 2024 (the “2024 Notes”). The size of the offering was increased from the previously announced $500 million. The issue price is 100.00% of the principal amount of the notes. Frontier will receive net proceeds of approximately $736.875 million from the offering after deducting underwriting discounts and commissions and before deducting estimated expenses. Frontier intends to use the net proceeds of the offering, together with cash on hand, to finance cash tender offers announced and also upsized today to purchase up to $899.8 million aggregate principal amount of outstanding 6.625% Senior Notes due 2015, 7.875% Senior Notes due 2015 and 8.250% Senior Notes due 2017. The offering is expected to close on April 10, 2013.

The joint book-running managers for the offering are J.P. Morgan Securities LLC, Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and RBS Securities Inc. You may obtain a final prospectus supplement, when available, and prospectus by contacting J.P. Morgan Securities LLC c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York at (866) 803-9204 (toll free).

This press release shall not constitute an offer to sell, or the solicitation of, an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A registration statement relating to the 2024 Notes became effective on May 10, 2012, and the offering is being made by means of a prospectus supplement.

Forward-Looking Statements

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management’s views and assumptions regarding future events and business performance. Words such as “believe,” “anticipate,” “expect” and similar expressions are intended to identify forward-looking statements. Forward-looking statements (including oral representations) involve risks and uncertainties that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. These risks and …read more
Source: FULL ARTICLE at DailyFinance

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Frontier Communications Announces Offering of $500 Million of Senior Notes

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Frontier Communications Announces Offering of $500 Million of Senior Notes

STAMFORD, Conn.–(BUSINESS WIRE)– Frontier Communications Corporation (NAS: FTR) announced today that it has commenced a registered offering of $500 million aggregate principal amount of Senior Notes due 2024 (the “Notes”).

Frontier expects to use the net proceeds from the offering of the Notes, together with available cash, to finance its cash tender offers, announced today, to purchase up to $674.8 million in aggregate principal amount of its outstanding 7.875% Senior Notes due 2015 and 6.625% Senior Notes due 2015. If the tender offers are terminated for any reason, or if any net proceeds otherwise remain following the tender offers, Frontier intends to use such net proceeds for the selective repurchase, repayment or redemption of its outstanding debt or otherwise for general corporate purposes.

The joint book-running managers for the offering are J.P. Morgan Securities LLC, Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and RBS Securities Inc. You may obtain a preliminary prospectus supplement and prospectus by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, at (866) 803-9204 (toll free).

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities mentioned in this press release in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A registration statement relating to the Notes became effective on May 10, 2012, and the offering is being made by means of a prospectus supplement.

About Frontier Communications

Frontier Communications Corporation (NAS: FTR) offers broadband, voice, satellite video, wireless Internet data access, data security solutions, bundled offerings, specialized bundles for residential customers, small businesses and home offices and advanced business communications for medium and large businesses in 27 states. Frontier’s approximately 14,700 employees are based entirely in the United States. More information is available at www.frontier.com.

Forward-Looking Statements

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of The …read more
Source: FULL ARTICLE at DailyFinance

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Boston Properties Announces Pricing of 5.25% Series B Cumulative Redeemable Preferred Stock

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Boston Properties Announces Pricing of 5.25% Series B Cumulative Redeemable Preferred Stock

BOSTON–(BUSINESS WIRE)– Boston Properties, Inc. (NYS: BXP) , a real estate investment trust, announced today that it has priced an underwritten public offering of 8,000,000 depositary shares, each representing a 1/100th of a share of its newly designated 5.25% Series B Cumulative Redeemable Preferred Stock, at a price of $25.00 per depositary share. The Company has granted the underwriters an option to purchase up to an additional 1,200,000 depositary shares within 30 days solely to cover over-allotments, if any. The offering is expected to close on or about March 27, 2013, subject to customary closing conditions.

The estimated net proceeds from this offering are expected to be approximately $193.7 million (or approximately $222.8 million if the underwriters exercise their over-allotment option in full) after deducting the underwriting discount and estimated transaction expenses of approximately $6.3 million. The Company intends to use the net proceeds for general business purposes, which may include investment opportunities and debt reduction.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC acted as joint book-running managers of the offering. BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC served as co-managers for the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

An effective registration statement is on file with the Securities and Exchange Commission (“SEC“). The offering is being made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, NY 10038, Attention: Prospectus Department, by calling 800-294-1322 or by email at dg.prospectus_requests@baml.com; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department, or by calling 866-718-1649 or by email at prospectus@morganstanley.com; and Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attn: Capital Markets Client Support, telephone: 1-800-326-5897 or email: cmclientsupport@wellsfargo.com. Alternatively, copies of the prospectus and related prospectus supplement will be available on the SEC‘s website …read more
Source: FULL ARTICLE at DailyFinance

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Chesapeake Energy Corporation Announces Pricing of $2.3 Billion Senior Notes Offering

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Chesapeake Energy Corporation Announces Pricing of $2.3 Billion Senior Notes Offering

OKLAHOMA CITY–(BUSINESS WIRE)– Chesapeake Energy Corporation (NYS: CHK) today announced that it has priced its previously announced public offering of $2.3 billion in aggregate principal amount of its senior notes at par. As previously announced, the offering will include three series of notes: $500 million in 3.25% Senior Notes due 2016; $700 million in 5.375% Senior Notes due 2021; and $1.1 billion in 5.75% Senior Notes due 2023. Chesapeake expects the issuance and delivery of all three series of senior notes to occur on April 1, 2013, subject to customary closing conditions.

Chesapeake intends to use a portion of the net proceeds from the offering to purchase the portion of its 7.625% Senior Notes due 2013 and 6.875% Senior Notes due 2018 that are tendered in its concurrent tender offers for such notes. Chesapeake plans to use a substantial portion of the remaining net proceeds to redeem its 6.775% Senior Notes due 2019 at par value (subject to receipt of a favorable ruling in a declaratory judgment action currently pending with respect to Chesapeake’s ability to redeem such notes at par value). To the extent that any portion of the net proceeds of the offering is not used as described above, Chesapeake plans to use such net proceeds to purchase, repay and/or redeem any of its 7.625% Senior Notes due 2013 not tendered in the concurrent tender offer and to purchase, repay and/or redeem over time other outstanding indebtedness, including indebtedness outstanding under its corporate revolving bank credit facility.

The senior notes were offered pursuant to an effective shelf registration statement filed August 3, 2010 with the U.S. Securities and Exchange Commission. Chesapeake intends to list the notes on the New York Stock Exchange after issuance. Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. and Wells Fargo Securities, LLC acted as joint book-running managers for the offering. Copies of the prospectus relating to the offering may be obtained from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor New York, NY 10014, by telephone at (866) 718-1649 or by email at prospectus@morganstanley.com or Credit Suisse at Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone at (800) 221-1037 or by email at newyork.prospectus@credit-suisse.com. An electronic copy of the preliminary prospectus supplement is available on the website of the Securities and Exchange Commission at www.sec.gov.

This press release shall not …read more
Source: FULL ARTICLE at DailyFinance

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KB Home Announces Closing of New $200 Million Unsecured Revolving Credit Facility

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KB Home Announces Closing of New $200 Million Unsecured Revolving Credit Facility

LOS ANGELES–(BUSINESS WIRE)– KB Home (NYS: KBH) , one of the nation’s largest and most recognized homebuilders, today announced its closing of a new $200 million unsecured revolving credit facility. The credit facility, which closed on March 12, 2013, contains an accordion feature under which the aggregate commitment may be increased to up to $300 million, subject to certain conditions and the availability of additional bank commitments.

The credit facility was arranged by Citigroup Global Markets Inc., and Citibank will serve as administrative agent and as a participating lender. The other lenders are Bank of America, Credit Suisse and Deutsche Bank.

Jeff Kaminski, executive vice president and chief financial officer of KB Home, commented, “This level of commitment from our banking partners underscores their continued support of KB Home. The new unsecured revolving credit facility further enhances our capital structure by providing an additional source of readily accessible liquidity. Together with the net proceeds from our recently completed offerings of common stock and convertible senior notes, we have expanded our available liquidity in the last two months by more than half a billion dollars to support our accelerated growth plans.”

About KB Home

KB Home is one of the largest and most recognized homebuilding companies in the United States. Since its founding in 1957, the company has built more than half a million quality homes. KB Home’s signature Built to Order™ approach lets each buyer customize their new home from lot location to floor plan and design features. In addition to meeting strict ENERGY STAR® guidelines, all KB homes are highly energy efficient to help lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide® (EPG®). A leader in utilizing state-of-the-art sustainable building practices, KB Home was named the #1 Green Homebuilder in the most recent study by Calvert Investments and the #1 Homebuilder on FORTUNE magazine’s 2011 World’s Most Admired Companies list. Los Angeles-based KB Home was the first homebuilder listed on the New York Stock Exchange, and trades under the ticker symbol “KBH.” For more information about KB Home’s new home communities, call 888-KB-HOMES or visit www.kbhome.com.

Forward-Looking and Cautionary Statements

Certain matters discussed in this press release, including any statements …read more
Source: FULL ARTICLE at DailyFinance

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Chesapeake Energy Corporation Announces $2.3 Billion Senior Notes Offering

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Chesapeake Energy Corporation Announces $2.3 Billion Senior Notes Offering

OKLAHOMA CITY–(BUSINESS WIRE)– Chesapeake Energy Corporation (NYS: CHK) today announced that it is commencing a public offering of $2.3 billion in aggregate principal amount of its senior notes, which the company expects will be issued in three separate series, one maturing in 2016, another maturing in 2021 and the last maturing in 2023.

Chesapeake intends to use a portion of the net proceeds from the offering to purchase the portion of its 7.625% Senior Notes due 2013 and 6.875% Senior Notes due 2018 that are tendered in its concurrent tender offers for such notes. Chesapeake plans to use a substantial portion of the remaining net proceeds to redeem its 6.775% Senior Notes due 2019 at par value (subject to receipt of a favorable ruling in a declaratory judgment action currently pending with respect to Chesapeake’s ability to redeem such notes at par value). To the extent that any portion of the net proceeds of the offering is not used as described above, Chesapeake plans to use such net proceeds to purchase, repay and/or redeem any of its 7.625% Senior Notes due 2013 not tendered in the concurrent tender offer and to purchase, repay and/or redeem over time other outstanding indebtedness, including indebtedness outstanding under its corporate revolving bank credit facility.

The senior notes are being offered pursuant to a shelf registration statement filed August 3, 2010, with the U.S. Securities and Exchange Commission. Chesapeake intends to list the notes on the New York Stock Exchange after issuance. Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co. and Wells Fargo Securities, LLC will act as joint book-running managers for the notes offering. Copies of the prospectus relating to the offering may be obtained from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor New York, NY 10014, by telephone at (866) 718-1649 or by email at prospectus@morganstanley.com or Credit Suisse at Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone at (800) 221-1037 or by email at newyork.prospectus@credit-suisse.com. An electronic copy of the preliminary prospectus supplement will be available on the website of the Securities and Exchange Commission at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration …read more
Source: FULL ARTICLE at DailyFinance

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BlackRock Kelso Capital Corporation Expands Senior Secured Revolving Credit Facility with Increased

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BlackRock Kelso Capital Corporation Expands Senior Secured Revolving Credit Facility with Increased Commitments and Lower Pricing

NEW YORK–(BUSINESS WIRE)– BlackRock Kelso Capital Corporation (NAS: BKCC) (“BlackRock Kelso Capital” or the “Company”) announced that it has entered into a four year $350 million Amended and Restated Senior Secured Revolving Credit Facility (the “Revolving Credit Facility“), which amends and restates its revolving credit facility previously outstanding. The Revolving Credit Facility has a maturity date of March 13, 2017, which includes a ratable amortization in the final year, and represents an increase of $75 million in revolving commitments over the prior revolving credit facility. The interest rate applicable to borrowings is generally LIBOR plus an applicable margin of 2.50%, a 75 basis point reduction from the prior revolving credit facility.

The revolving Credit Facility also includes an “accordion” feature that allows the Company, under certain circumstances to increase the size of the Revolving Credit Facility up to $750 million.

Citigroup Global Markets Inc. and BMO Capital Markets acted as Joint Lead Bookrunners and Joint Lead Arrangers, Citibank, N.A. is acting as Administrative Agent and Bank of Montreal, Chicago Branch is acting as Syndication Agent under the Revolving Credit Facility.

About BlackRock Kelso Capital Corporation

Formed in 2005, BlackRock Kelso Capital Corporation is a business development company that provides debt and equity capital to middle-market companies.

Forward-Looking Statements

This press release, and other statements that BlackRock Kelso Capital may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock Kelso Capital’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

BlackRock Kelso Capital cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock Kelso Capital assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical …read more
Source: FULL ARTICLE at DailyFinance

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LaSalle Hotel Properties Announces the Sale of 400,000 Additional Series I Preferred Shares Pursuant

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LaSalle Hotel Properties Announces the Sale of 400,000 Additional Series I Preferred Shares Pursuant to the Underwriters’ Option

BETHESDA, Md.–(BUSINESS WIRE)– LaSalle Hotel Properties (NYS: LHO) today announced that the underwriters of its recent public offering of 6.375% Series I Cumulative Redeemable Preferred Shares have exercised their option to purchase an additional 400,000 Series I Preferred Shares, bringing the total number of shares issued in this offering to 4,400,000 Series I Preferred Shares.

Wells Fargo Securities, BofA Merrill Lynch and Citigroup acted as joint book-running managers for the offering, RBC Capital Markets acted as lead manager, Barclays, BMO Capital Markets, Deutsche Bank Securities and Raymond James acted as senior co-managers, and Baird, MLV & Co and US Bancorp acted as co-managers.

The Company intends to use the net proceeds from this offering for one or more of the following purposes: to redeem a portion of its outstanding Series G Preferred Shares, to reduce amounts outstanding under its senior unsecured credit facility, and for acquisitions, working capital and other general corporate purposes.

A registration statement relating to the securities became effective upon filing with the Securities and Exchange Commission. The offering will be made only by means of a preliminary prospectus supplement and accompanying prospectus forming part of the registration statement. Copies of the final prospectus supplement and prospectus relating to these securities may be obtained by contacting (a) Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attention: Capital Markets Support, email: cmclientsupport@wellsfargo.com, or by calling toll-free at 1-800-326-5897; (b) Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 7th Floor, New York, New York 10038, Attn: Prospectus Department; email: dg.prospectus_requests@baml.com; (c) Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 1-800-831-9146; or (d) the Internet site of the Securities and Exchange Commission at http://www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

LaSalle Hotel Properties is a leading multi-operator real estate investment trust. The Company owns 40 hotels and a mezzanine loan secured by two hotels in Santa Monica, CA. The properties are upscale full-service hotels, totaling over 10,600 guest rooms in 13 markets in nine states and the District of Columbia. The …read more
Source: FULL ARTICLE at DailyFinance

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ACE Limited Announces Pricing of $950 Million Senior Notes Offering by Subsidiary

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ACE Limited Announces Pricing of $950 Million Senior Notes Offering by Subsidiary

ZURICH–(BUSINESS WIRE)– ACE Limited (NYS: ACE) announced today that its subsidiary, ACE INA Holdings Inc., has agreed to sell $475 million of 2.70% senior notes due March 2023, and $475 million of 4.15% senior notes due March 2043. The notes are guaranteed by ACE Limited.

The net proceeds from the sale of the notes will be used to repay at maturity $500 million of the company’s 5.88% senior notes maturing in June 2014 and $450 million of its 5.60% senior notes maturing in May 2015. Pending such application, the company may make the net proceeds available to its subsidiaries or invest them in marketable securities.

The joint book-running managers for the offering are Citigroup Global Markets Inc., Wells Fargo Securities, LLC, Mitsubishi UFJ Securities (USA), Inc. and Deutsche Bank Securities Inc.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the senior notes or any other securities, nor will there be any sale of the senior notes or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus supplement and accompanying prospectus. When available, copies of these documents may be obtained from: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 1-800-831-9146; or Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, NC 28262, Attn: Capital Markets Client Support, or by calling 800-326-5897 or by email cmclientsupport@wellsfargo.com. Alternatively, the prospectus supplement and accompanying prospectus may be obtained by visiting EDGAR on the SEC Web site at www.sec.gov.

The ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 53 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYS: ACE) and is a component of the S&P 500 index.

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Source: FULL ARTICLE at DailyFinance