Convertible Preferred Shares
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GDS Announces Private Placement of US$300 Million convertible preferred shares to A Chinese Institutional Investor
Globenewswire· 2026-01-30 13:40
Core Viewpoint - GDS Holdings Limited announced a private placement of US$300 million in Series B convertible preferred shares to fund data center capacity expansion and general corporate purposes [1]. Group 1: Private Placement Details - The private placement involves the issuance of Series B convertible preferred shares to Huatai Capital Investment Limited, a Chinese institutional investor [1]. - The proceeds will be utilized for expanding data center capacity and for general corporate purposes [1]. Group 2: Key Terms of Convertible Preferred Shares - The convertible preferred shares will accrue a minimum dividend of 3.75% per annum for the first six years, increasing to 6.75% thereafter, with further increases of 50 basis points per quarter [3]. - The shares can be converted into GDS's Class A ordinary shares at a conversion price of approximately US$54.43, representing a premium of about 17.5% above the last closing price on January 30, 2026 [3]. - Upon full conversion, approximately 5,512,072 ADSs (or 44,096,580 ordinary shares) will be issued, representing 2.62% of total outstanding shares [3]. Group 3: Redemption and Voting Rights - GDS may redeem the convertible preferred shares starting February 13, 2029, under certain conditions, including a specified trading price threshold [3]. - Holders of the convertible preferred shares will have voting rights equivalent to the number of Class A ordinary shares into which they can convert [3][8]. Group 4: Corporate Governance and Compliance - The issuance of the convertible preferred shares is under a general mandate granted to the directors, not requiring additional shareholder approval [4]. - The transaction is expected to close within five business days, pending customary corporate and regulatory approvals [7]. Group 5: Company Overview - GDS Holdings Limited is a leading developer and operator of high-performance data centers in China, strategically located in key demand hubs [10]. - The company serves a diverse customer base, including hyperscale cloud service providers, large internet companies, and financial institutions [11].
Carlyle Credit Income Fund Announces Private Placement of Convertible Preferred Shares
Globenewswire· 2025-10-31 10:30
Core Viewpoint - Carlyle Credit Income Fund has entered into a Purchase Agreement for approximately 17,500 shares of its 7.25% Series E Convertible Preferred Shares, expecting to receive net proceeds of approximately $16.275 million from the sale [1][9]. Group 1: Convertible Preferred Shares Details - The Convertible Preferred Shares have a fixed annual dividend rate of 7.25%, equating to $72.50 per share per year [2]. - The Fund is obligated to redeem all outstanding Convertible Preferred Shares on October 30, 2030, at a price equal to the liquidation preference plus any accumulated but unpaid dividends [3]. - The Fund may redeem the Convertible Preferred Shares at its option starting May 1, 2026, at a price equal to the liquidation preference plus any accumulated but unpaid dividends [4]. Group 2: Conversion Rights - Holders of Convertible Preferred Shares can convert them into common shares starting six months after issuance, based on a conversion price determined by the market price or the Fund's net asset value [5]. Group 3: Offering and Use of Proceeds - The Convertible Preferred Shares will not be listed on any exchange and require the Fund's consent for transfer [6]. - The net proceeds from the offering will be used to redeem outstanding 8.75% Series A Preferred Shares due 2028 and for general working capital purposes [9]. - The redemption of the Series A Preferred Shares is scheduled for November 3, 2025, at a price of $25 per share plus any accumulated unpaid dividends [10]. Group 4: Fund Overview - Carlyle Credit Income Fund is an externally managed closed-end fund focused on investing in equity and junior debt tranches of collateralized loan obligations, primarily backed by U.S. senior secured loans [13].
Tavia Acquisition Corp(TAVI) - Prospectus(update)
2024-07-09 20:56
As filed with the Securities and Exchange Commission on July 9, 2024 Registration No. 333-280275 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ____________________________________________ TAVIA ACQUISITION CORP. (Exact name of registrant as specified in its charter) ____________________________________________ Cayman Islands 6770 N/A (State or other jurisdiction of Incorporation or organization) (Pr ...
Tavia Acquisition Corp.(TAVIU) - Prospectus
2024-06-17 21:12
As filed with the Securities and Exchange Commission on June 17, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ____________________________________________ TAVIA ACQUISITION CORP. (Exact name of registrant as specified in its charter) ____________________________________________ | Cayman Islands | 6770 | N/A | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industri ...