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Funds Affiliated with Apollo Acquire Common Shares of McGraw-Hill Ryerson Limited

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By Business Wirevia The Motley Fool

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Funds Affiliated with Apollo Acquire Common Shares of McGraw-Hill Ryerson Limited

NEW YORK–(BUSINESS WIRE)– Investment funds affiliated with Apollo Global Management, LLC (collectively with its subsidiaries, “Apollo”) (NYS: APO) announced on Friday, March 22, 2013, the closing of the previously announced purchase of the McGraw-Hill Education business of The McGraw-Hill Companies, Inc. (“McGraw-Hill”) (the “Transaction”). Among the interests acquired from McGraw-Hill is an indirect interest in McGraw-Hill Ryerson Limited (“Ryerson”) (TSX: MHR), which is a publicly traded Canadian subsidiary of McGraw-Hill. The 1,400,000 of common shares of MHR acquired represent approximately 70% of the outstanding common shares of Ryerson and Apollo’s total beneficial interest in Ryerson.

Apollo purchased the securities as part of the Transaction and may or may not purchase or sell securities of Ryerson in the future on the open market or in private transactions, depending on market conditions and other factors to the extent permitted by applicable law and regulation.

This news release is being issued under the early warning provisions of Canadian securities legislation. For a copy of the early warning report filed in connection with this news release, please contact the following:

…read more
Source: FULL ARTICLE at DailyFinance

Apollo Management Holdings GP, LLC
Attn.: Gary M. Stein
9 W. 57th Street, 43rd Floor
New York, New York 10019
Tel: (212) 515-3200
Business, Finance, Occupation & Industry

Kayne Anderson MLP Investment Company Prices Public Offering of Series F Mandatory Redeemable Prefer

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By Business Wirevia The Motley Fool

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Kayne Anderson MLP Investment Company Prices Public Offering of Series F Mandatory Redeemable Preferred Shares

HOUSTON–(BUSINESS WIRE)– Kayne Anderson MLP Investment Company (the “Company”) (NYS: KYN) announced the pricing of a public offering of preferred stock. The Company agreed to sell 4,400,000 shares of Series F Mandatory Redeemable Preferred Shares (“Series F MRP Shares”) at a price of $25.00 per share (exclusive of 600,000 additional shares that the underwriters may purchase pursuant to a 15-day option to cover over-allotments, if any). The Series F MRP Shares pay cash dividends at a rate of 3.50% per annum and have a mandatory redemption date of April 15, 2020. The Company intends to use the net proceeds from the offering of approximately $108 million to redeem its Series D Mandatory Redeemable Preferred Shares, to make investments in portfolio companies in accordance with its investment objective and policies, to repay indebtedness, and for general corporate purposes. The offering is scheduled to close on April 3, 2013.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup and UBS Investment Bank are joint book-running managers. A copy of the prospectus supplement and base prospectus relating to the offering may be obtained from the following addresses:

         

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Attn: Prospectus Department

222 Broadway, 11th Floor

New York, NY 10038

Email: <a target=_blank …read more
Source: FULL ARTICLE at DailyFinance
Business, Finance, Occupation & Industry

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

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By Business Wirevia The Motley Fool

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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

Business, Finance, Occupation & Industry

Chesapeake Energy Corporation Announces $2.3 Billion Senior Notes Offering

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By Business Wirevia The Motley Fool

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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