New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 13, 2013
16:26 EDTCLDCloud Peak Energy reports Q4 adjusted 54c, consensus 50c
Reports Q4 revenue $374.8M, consensus $404.25M.
News For CLD From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 19, 2014
18:22 EDTCLDOn The Fly: After Hours Movers
Subscribe for More Information
18:11 EDTCLDCloud Peak terminates public offering of mandatory convertible preferred stock
Subscribe for More Information
07:13 EDTCLDGoldman to hold a conference
Annual Global Metals & Mining Conference is being held in New York on November 19-20.
November 18, 2014
18:23 EDTCLDOn The Fly: After Hours Movers
UP AFTER EARNINGS: La-Z-Boy (LZB), up 4.7% after reporting second quarter results and dividend increase... Jack in the Box (JACK), up 2.7%... PetSmart (PETM), up 1.9%. ALSO HIGHER: Popeyes Louisiana Kitchen (PLKI), up 1.6% after Red Mountain Capital Partners reported a 5.1% stake in the company. DOWN AFTER EARNINGS: Vipshop Holdings (VIPS), down 4.6%. ALSO LOWER: Cloud Peak (CLD), down 1.7% after filing to sell $100M of mandatory convertible preferred stock.
16:03 EDTCLDCloud Peak files to sell $100M of madatory convertible preferred stock
Cloud Peak Energy announced that it has commenced a registered underwritten public offering of its Series A mandatory convertible preferred stock consisting of 100,000 shares with a liquidation preference of $1,000 per share. CPE intends to grant the underwriters a 30-day option to purchase up to 15,000 additional shares of mandatory convertible preferred stock to cover over-allotments, if any. CPE Inc. intends to use the net proceeds from the offering to fund a partial redemption of the outstanding 8.50% senior notes due 2019 issued in 2009 by Cloud Peak Energy Resources LLC and Cloud Peak Energy Finance Corp. If the underwriters exercise their option to purchase additional shares of mandatory convertible preferred stock to cover over-allotments, CPE Inc. intends to use any net proceeds remaining after funding the proposed redemption for general corporate purposes. Unless converted earlier at the option of the holder, each share of the mandatory convertible preferred stock will convert automatically into a variable number of shares of CPE Inc. common stock on or around December 1, 2017. The mandatory convertible preferred stock will pay cumulative dividends at a fixed rate per annum on the liquidation preference of $1,000 per share, if declared by the board, payable quarterly in arrears in cash or, subject to certain limitations, in shares of common stock or in any combination of cash and shares of common stock, at CPE Inc.ís election. J.P. Morgan Securities LLC and Credit Suisse Securities LLC are acting as joint book-running managers for the offering.
06:33 EDTCLDCloud Peak initiated with a Market Perform at BMO Capital
Subscribe for More Information
November 12, 2014
07:46 EDTCLDCowen to hold a conference
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use