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Infinity Announces Pricing of Secondary Offering of Common Stock

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Infinity Announces Pricing of Secondary Offering of Common Stock

CAMBRIDGE, Mass.–(BUSINESS WIRE)– Infinity Pharmaceuticals, Inc. (NAS: INFI) today announced the pricing of an underwritten public offering of its common stock by existing shareholders Beacon Company and Rosebay Medical Company L.P., including shares that were transferred to Beacon and Rosebay by Purdue Pharma L.P., an associated company of Beacon and Rosebay, at a public offering price of $40.00 per share. The aggregate size of the offering is 10,000,000 shares, with 5,000,000 shares of common stock offered by Beacon, and 5,000,000 shares of common stock offered by Rosebay. The selling shareholders have also granted the underwriters an option for 30 days to purchase from the selling shareholders up to an additional 1,416,565 shares to cover over-allotments, if any. Assuming closing of this offering and assuming that the over-allotment option is not exercised, Beacon, Rosebay and Purdue collectively own an aggregate of 2.96% of Infinity’s outstanding common stock. The offering is expected to close on or about April 16, 2013, subject to the satisfaction of customary closing conditions. Infinity will not sell any shares or receive any proceeds from the offering, and the total number of shares of its outstanding common stock will not change as a result of the offering.

The joint book-running managers for the proposed offering are Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC.

A shelf registration statement (including a prospectus and preliminary prospectus supplement) relating to the offering of the shares of common stock has previously been filed with the Securities and Exchange Commission and has become effective. Before investing, you should read the prospectus, the preliminary prospectus supplement, the final prospectus supplement, when filed, and other documents filed by the Company with the Securities and Exchange Commission for information about the Company and the offering. Copies of the prospectus and related preliminary prospectus supplement and final prospectus supplement, when filed, relating to this offering may be obtained free of charge by visiting the Securities and Exchange Commission‘s website at www.sec.gov, or by contacting:

From: http://www.dailyfinance.com/2013/04/11/infinity-announces-pricing-of-secondary-offering-o/

 
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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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Infinity Announces Proposed Secondary Offering of Common Stock

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Infinity Announces Proposed Secondary Offering of Common Stock

CAMBRIDGE, Mass.–(BUSINESS WIRE)– Infinity Pharmaceuticals, Inc. (NAS: INFI) today announced an underwritten public offering of its common stock by existing stockholders Beacon Company and Rosebay Medical Company L.P., including shares that will be transferred to Beacon and Rosebay by Purdue Pharma L.P., an associated company of Beacon and Rosebay. The aggregate size of the offering is 8,500,000 shares, with 4,250,000 shares of common stock offered by Beacon, and 4,250,000 shares of common stock offered by Rosebay. Infinity will not sell any shares or receive any proceeds from the offering, and the total number of shares of its outstanding common stock will not change as a result of the offering.

The joint book-running managers for the proposed offering are Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC. The selling shareholders have also granted the underwriters of the offering an option for 30 days to purchase from the selling shareholders up to an additional 15 percent of the amount sold to cover over-allotments, if any. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

A shelf registration statement (including a prospectus and preliminary prospectus supplement) relating to the offering of the shares of common stock has previously been filed with the Securities and Exchange Commission and has become effective. Before investing, you should read the prospectus, the preliminary prospectus supplement and other documents filed by the Company with the Securities and Exchange Commission for information about the Company and the offering. Copies of the prospectus and related preliminary prospectus supplement relating to this offering may be obtained free of charge by visiting the Securities and Exchange Commission‘s website at www.sec.gov, or by contacting:

…read more

Source: FULL ARTICLE at DailyFinance

Morgan Stanley & Co. LLC     J.P. Morgan Securities LLC
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Boston Properties Prices $500 Million Offering of Senior Unsecured Notes

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Boston Properties Prices $500 Million Offering of Senior Unsecured Notes

BOSTON–(BUSINESS WIRE)– Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced today that its operating partnership, Boston Properties Limited Partnership (“BPLP“), has agreed to sell $500 million of 3.125% senior unsecured notes due 2023 in an underwritten public offering through Citigroup, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC, as joint book-running managers. The notes were priced at 99.379% of the principal amount to yield 3.196% to maturity. The notes will mature on September 1, 2023 unless earlier redeemed. The offering is expected to close on April 11, 2013.

The estimated net proceeds from this offering are expected to be approximately $492.5 million after deducting underwriting discounts and estimated transaction expenses of approximately $7.5 million. BPLP intends to use the net proceeds from the sale of the notes for general business purposes, which may include investment opportunities and debt reduction. Pending such uses, BPLP may invest the net proceeds in short-term, interest-bearing securities.

The offering is being made only by means of a prospectus and related prospectus supplement, a copy of which may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll free at (800) 831-9146 or at batprospectusdept@citi.com; Deutsche Bank Securities Inc. at Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or by calling toll free at (800) 503-4611 or by emailing prospectus.CPDG@db.com; Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, New York 10038, Attention: Prospectus Department, by calling (800) 294-1322 or by email at dg.prospectus_requests@baml.com; and 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. An effective registration statement is on file with the Securities and Exchange Commission (SEC), and a copy of the prospectus and related prospectus supplement also will be available on the SEC‘s website at www.sec.gov.

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 state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Boston Properties is a fully integrated, self-administered and self-managed real estate …read more
Source: FULL ARTICLE at DailyFinance

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IFF Announces Pricing of $300 Million Senior Notes Offering

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IFF Announces Pricing of $300 Million Senior Notes Offering

NEW YORK–(BUSINESS WIRE)– International Flavors & Fragrances Inc. (NYS: IFF) announced today it has priced an underwritten public offering of $300 million aggregate principal amount of 3.20% senior notes due 2023. The offering is expected to close on April 4, 2013, subject to customary closing conditions. IFF intends to use the net proceeds from the sale of the notes of the offering for general corporate purposes, including working capital.

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. The offering of the notes is being conducted pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC“), and only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained on the SEC‘s website at www.sec.gov or from:

…read more
Source: FULL ARTICLE at DailyFinance

Morgan Stanley & Co. LLC             J.P. Morgan Securities LLC
180 Varick Street 383 Madison Avenue
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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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Texas Capital Bancshares, Inc. Announces Pricing of Preferred Stock Offering

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Texas Capital Bancshares, Inc. Announces Pricing of Preferred Stock Offering

DALLAS–(BUSINESS WIRE)– Texas Capital Bancshares, Inc. (Texas Capital) (NAS: TCBI) , the parent company of Texas Capital Bank, today announced the pricing of a public offering of 6,000,000 shares, or $150 million in aggregate liquidation preference, of its 6.5% non-cumulative perpetual preferred stock, Series A, par value $.01. The preferred stock has a liquidation preference of $25 per share (the “Preferred Stock“). Texas Capital expects to use the net proceeds of this offering for general corporate purposes.

Morgan Stanley, BofA Merrill Lynch and J.P. Morgan are serving as joint book-running managers.

If declared, dividends will accrue and be payable on the liquidation preference amount, on a non-cumulative basis, at a rate of 6.5% per annum, quarterly, in arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on June 15, 2013, from and including the date of original issuance. We may redeem the Preferred Stock as described in the prospectus supplement and accompanying base prospectus relating to the offering.

Texas Capital expects to close the transaction, subject to customary conditions, on or about March 28, 2013.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the 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. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement.

This offering will be made only by means of a prospectus supplement and accompanying base prospectus. Texas Capital has filed a registration statement (including a base prospectus) and a preliminary prospectus supplement with the U.S. Securities and Exchange Commission (SEC) for the offering which this communication relates and will file a final prospectus supplement related to the offering. Copies of the final prospectus supplement and the accompanying base prospectus for the offering, when available, may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, New York, NY 10014, Attention: Prospectus Delivery Department or by emailing prospectus@morganstanley.com; from BofA Merrill Lynch, 222 Broadway, 11th Floor, New York, NY, 10038, Attn: Prospectus Department or by emailing dg.prospectus_requests@baml.com; or from J.P. Morgan Securities, LLC, 383 Madison Avenue, New York, NY 10017, Attn: Investment Grade Syndicate Desk or by phone 212.834.4533.

…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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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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U.S. Silica Announces Pricing of Secondary Offering

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U.S. Silica Announces Pricing of Secondary Offering

FREDERICK, Md.–(BUSINESS WIRE)– U.S. Silica Holdings, Inc. (NYS: SLCA) today announced the pricing of an underwritten secondary public offering of 8,500,000 shares of U.S. Silica common stock at $22.00 per share. The shares are being sold by GGC USS Holdings, LLC, an affiliate of Golden Gate Capital, an existing stockholder of the Company.

U.S. Silica is not selling any shares and will not receive any proceeds from the offering. In connection with the offering, the selling stockholder has granted the underwriters a 30-day option to purchase an additional 1,275,000 shares in the offering. The offering is expected to close on March 19, 2013.

Morgan Stanley & Co. LLC, BofA Merrill Lynch, Simmons & Company International, Jefferies LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.

This offering is being made by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained by sending a request to: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd floor, New York, NY 10014, Telephone: 866-718-1649, Email: prospectus@morganstanley.com or BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, Email: dg.prospectus_requests@baml.com.

This offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Company’s common stock or any other securities, and there shall not be any offer, solicitation or sale of securities mentioned in this press release 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 such any state or jurisdiction.

About U.S. Silica

U.S. Silica Holdings, Inc., a Delaware corporation, is the second largest domestic producer of commercial silica, a specialized mineral that is a critical input into the oil and gas proppants end market. The company also processes ground and unground silica sand for a variety of industrial and specialty products end markets such as glass, fiberglass, foundry molds, municipal filtration and recreational uses. During its 100-plus year history, U.S. Silica Holdings, Inc. has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 250 products to customers across these end markets. …read more
Source: FULL ARTICLE at DailyFinance

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Enterprise Prices $2.25 Billion of Senior Unsecured Notes

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Enterprise Prices $2.25 Billion of Senior Unsecured Notes

HOUSTON–(BUSINESS WIRE)– Enterprise Products Partners L.P. (NYS: EPD) today announced that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), has priced a public offering of $2.25 billion of senior unsecured notes comprised of $1.25 billion due on March 15, 2023 (“Senior Notes HH”) and $1 billion due on March 15, 2044 (“Senior Notes II”). Net proceeds from the offering are expected to be used to repay debt, including the refinancing of $550 million principal amount of senior notes that matured in February 2013 and $650 million principal amount of senior notes scheduled to mature in April 2013, and for general company purposes.

The Senior Notes HH will be issued at 99.908 percent of their principal amount and will have a fixed-rate interest coupon of 3.35 percent, and the Senior Notes II will be issued at 99.619 percent of their principal amount and will have a fixed-rate interest coupon of 4.85 percent. The expected settlement date for the offering is March 18, 2013. Enterprise Products Partners L.P. will guarantee the senior notes through an unconditional guarantee on an unsecured and unsubordinated basis.

J.P. Morgan Securities LLC, DNB Markets, Inc., Morgan Stanley & Co. LLC, RBS Securities Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC acted as joint book-running managers for the offering. An investor may obtain a free copy of the prospectus as supplemented by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer or any underwriter or dealer participating in this offering will arrange to send a prospectus as supplemented to an investor if requested by contacting J.P. Morgan Securities LLC at (212) 834-4533, Morgan Stanley & Co. LLC at (866) 718-1649, RBS Securities Inc. at (866) 884-2071 or Wells Fargo Securities, LLC at (800) 326-5897.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the senior notes described in this press release, nor shall there be any sale of these notes in any state or 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. The offering is being made only by means of a prospectus and related prospectus supplement, which are part of an effective registration statement.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

U.S. Silica Announces Secondary Offering by Selling Stockholder

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By Business Wirevia The Motley Fool

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U.S. Silica Announces Secondary Offering by Selling Stockholder

FREDERICK, Md.–(BUSINESS WIRE)– U.S. Silica Holdings, Inc. (NYS: SLCA) today announced that a selling stockholder, GGC USS Holdings, LLC, an affiliate of Golden Gate Capital, has agreed to sell 8,500,000 shares of U.S. Silica common stock in an underwritten offering. The underwriters will be granted a 30-day option to purchase up to an additional 1,275,000 shares of common stock. U.S. Silica will not sell any shares in the offering and will not receive any proceeds from the offering.

Morgan Stanley & Co. LLC, BofA Merrill Lynch, Simmons & Company International, Jefferies LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.

This offering is being made by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained by sending a request to: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd floor, New York, NY 10014, Telephone: 866-718-1649, Email: prospectus@morganstanley.com or BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, Email: dg.prospectus_requests@baml.com.

This offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Company’s common stock or any other securities, and there shall not be any offer, solicitation or sale of securities mentioned in this press release 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 such any state or jurisdiction.

About U.S. Silica

U.S. Silica Holdings, Inc., a Delaware corporation, is the second largest domestic producer of commercial silica, a specialized mineral that is a critical input into the oil and gas proppants end market. The company also processes ground and unground silica sand for a variety of industrial and specialty products end markets such as glass, fiberglass, foundry molds, municipal filtration and recreational uses. During its 100-plus year history, U.S. Silica Holdings, Inc. has developed core competencies in mining, processing, logistics and materials science that enable it to produce and cost-effectively deliver over 250 products to customers across these end markets. U.S. Silica Holdings, Inc. is headquartered in Frederick, Maryland.

Cautionary Information Regarding Forward-Looking Statements
…read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

BankUnited, Inc. Announces Secondary Offering of Common Stock

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By Business Wirevia The Motley Fool

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BankUnited, Inc. Announces Secondary Offering of Common Stock

MIAMI LAKES, Fla.–(BUSINESS WIRE)– BankUnited, Inc. (NYS: BKU) (the “Company”) announced today the commencement of an underwritten offering of 19,600,000 shares of its common stock by certain of its existing stockholders (collectively, the “Selling Stockholders“), subject to market and other conditions.

The Company will not receive any proceeds from the offering. In connection with the offering, the Selling Stockholders intend to grant the underwriters an option to purchase an additional 2,940,000 shares in the offering.

The offering will be made pursuant to a registration statement on Form S-3 filed with the Securities and Exchange Commission on March 6, 2013.

Morgan Stanley & Co. LLC and BofA Merrill Lynch are acting as joint book-running managers for the offering. When available, copies of the prospectus supplement and accompanying prospectus related to this offering may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, New York, New York 10014, or by calling toll free 1-866-718-1649 or by emailing prospectus@morganstanley.com; or BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attention: Prospectus Department or by e-mailing dg.prospectus_requests@baml.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, 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 or qualification under the securities laws of any such jurisdiction.


About BankUnited, Inc.

BankUnited (NYS: BKU) , headquartered in Miami Lakes, Fla., provides a wide range of commercial and consumer banking services to businesses and consumers in 15 Florida counties through more than 98 branches. For additional information, call (877) 779-2265.


Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company’s current views with respect to, among other things, future events and financial performance. The Company generally identifies forward-looking statements by terminology …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

PS Business Parks, Inc. Announces Pricing of 5.70% Cumulative Preferred Stock, Series V

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PS Business Parks, Inc. Announces Pricing of 5.70% Cumulative Preferred Stock, Series V

GLENDALE, Calif.–(BUSINESS WIRE)– PS Business Parks, Inc. (NYS: PSB) announced today that it has priced a public offering of 4.0 million depositary shares, each representing 1/1,000 of a share of the Company’s 5.70% Cumulative Preferred Stock, Series V at $25.00 per share. The Company also granted the underwriters an over-allotment option to purchase an additional 600,000 depositary shares. The offering is expected to result in $100.0 million of gross proceeds (assuming no exercise of the underwriters’ over-allotment option) and is expected to close on or about March 14, 2013.

The Company intends to apply to have the depositary shares listed on the New York Stock Exchange under the symbol “PSBPrV.” If this application is approved, trading of the depositary shares is expected to begin within 30 days following the initial delivery of the depositary shares.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC acted as joint book-running managers of the offering. This announcement shall not constitute an offer to sell or a solicitation of an offer to buy these securities nor shall there be any offer or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. The offering will be made only by means of a prospectus and prospectus supplement, copies of which may be obtained by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Fl., New York, NY 10038, Attention: Prospectus Department, telephone: 1-800-294-1322 or email: dg.prospectus_requests@baml.com; Morgan Stanley & Co. LLC, 180 Varick Street, New York, NY 10014, Attn: Prospectus Department, telephone: 1-866-718-1649 or email: 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.


Company Information

PS Business Parks, Inc., a member of the S&P SmallCap 600, is a self-advised and self-managed real estate investment trust (“REIT“) that acquires, develops, owns and operates commercial properties, primarily multi-tenant flex, office and industrial space. The Company defines “flex” space as buildings that are configured with a combination of office and warehouse space and can be designed to fit a number of uses (including office, assembly, showroom, laboratory, light manufacturing and warehouse …read more
Source: FULL ARTICLE at DailyFinance