Clean Diesel Technologies Announced Pricing Of Underwritten Public Offering Of Shares

- Clean Diesel Technologies Announced Pricing Of Underwritten Public Offering Of Shares



Jun 29, 2011

Clean Diesel Technologies (NASDAQ:CDTI) announced the pricing of an underwritten public offering of 2,725,000 shares of its common stock at a price to the public of $3.75 per share. Clean Diesel is offering 2,645,000 of these shares and 80,000 of these shares are being offered by selling stockholders.

The company has granted a 30-day option to the underwriters to purchase up to an additional 408,750 shares of common stock to cover over-allotments.

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Husky Closes $1B Common Share Offering

- Husky Closes $1B Common Share Offering

Wednesday, June 29, 2011
Husky Energy Inc.

Husky has closed its previously announced $1 billion bought-deal public offering of common shares (the "Public Offering") and its $200 million concurrent private placement (the "Private Placement"). The Company has received total gross proceeds of approximately $1.2 billion from the combined Public Offering and Private Placement.

Pursuant to the Public Offering, the Company has issued, through a syndicate of underwriters led by RBC Capital Markets, Goldman Sachs Canada Inc., HSBC Securities (Canada) Inc. and J.P. Morgan Securities Canada Inc., a total of 36,968,500 common shares in the capital of Husky at a price of $27.05 per share for total gross proceeds of approximately $1 billion. The Public Offering was conducted under the Company's universal base shelf prospectus filed November 26, 2010 with the securities regulatory authorities in all provinces of Canada and the Company's universal base shelf prospectus filed June 13, 2011 with the U.S. Securities and Exchange Commission.

Pursuant to the Private Placement, the Company's principal shareholders, L.F. Investments (Barbados) Limited and Hutchison Whampoa Luxembourg Holdings S.a.r.l. have been issued a combined total of 7,393,714 common shares at the same price as the Public Offering, for total gross proceeds of approximately $200 million.

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Gastar Posts Public Offering

- Gastar Posts Public Offering

Wednesday, June 15, 2011
Gastar Exploration Ltd.

Gastar announced that Gastar Exploration USA, Inc., the wholly-owned subsidiary of the Company ("Gastar USA"), is commencing an underwritten public offering of 600,000 shares of perpetual and non-convertible 8.625% Series A Cumulative Preferred Stock (liquidation preference of $25.00 per share).

The Company will guarantee the payment of dividends that have been declared by the board of directors of Gastar USA, amounts payable upon redemption or liquidation, dissolution or winding up, and any other amounts due with respect to the Series A Cumulative Preferred Stock, to the extent described in the prospectus supplement. The offering is being made on a "best efforts" basis pursuant to an effective shelf registration statement that the Company and Gastar USA previously filed with the Securities and Exchange Commission (the "SEC"). Upon issuance, the Company anticipates that Gastar USA's 8.625% Series A Cumulative Preferred Stock will be listed for trading on the NYSE Amex under the ticker symbol "GST.PR.A."

McNicoll, Lewis & Vlak LLC is acting as book-running manager for the offering.

The Company intends to use net proceeds from the offering to repay borrowings under Gastar USA's revolving credit facility, which were incurred to pay for the Company's capital expenditure program and for general corporate purposes. Any remaining proceeds will be used to fund additional capital expenditures or to provide working capital for general corporate purposes.

The offering is being made pursuant to an effective shelf registration statement that the Company and Gastar USA previously filed with the SEC. A final prospectus supplement relating to the offering will be filed with the SEC.

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ATP Commences Public Offering

- ATP Commences Public Offering

Tuesday, June 14, 2011
ATP O&G Corp.

ATP O&G has commenced a public offering of approximately $150 million of convertible perpetual preferred stock. The underwriters for the offering will also have a 30-day option to purchase up to 225,000 additional shares of convertible perpetual preferred stock to cover any over-allotments. We intend to use a portion of the net proceeds of this offering to pay the cost of a capped call transaction to cover all shares convertible in this transaction and our outstanding preferred shares, 13.1 million shares. The capped call transaction can prevent any dilution of outstanding common shares as long as the share price is below $27.50.

The convertible perpetual preferred stock has a liquidation preference of $100 per share and will be convertible into shares of ATP common stock at a $22.20 conversion price. ATP intends to use the net proceeds from this offering to fund capital expenditures and for general corporate purposes.

The offering will be made under the Company’s existing shelf registration statement filed with the Securities and Exchange Commission (“SEC”). This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offers of the shares will be made exclusively by means of a prospectus supplement and accompanying prospectus.

Credit Suisse Securities (USA) LLC will act as book-running manager for the offering. A copy of the preliminary prospectus supplement and related base prospectus for the offering may be obtained on the SEC website at http://www.sec.gov. Alternatively, the underwriter will arrange to send you the preliminary prospectus supplement and related base prospectus if you request them by contacting Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010.

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Tesla Motors Announces Pricing of Follow-On Offering of 5.3 Million Shares

- Tesla Motors Announces Pricing of Follow-On Offering of 5.3 Million Shares



Jun 3, 2011

Tesla Motors, Inc. (NASDAQ:TSLA) announced today it has priced and fully allocated its follow-on offering of 5.3 million shares of common stock at $28.76 per share, the closing price of the stock on June 2, 2011.

The company has granted the underwriters a 30-day option to purchase up to an additional 795,000 shares at the offering price.

Tesla offered all 5.3 million shares. Two additional private placements are occurring concurrently with the offering.

Tesla's CEO, Elon Musk, is purchasing 1.416 million shares of common stock directly from the company at the offering price, and Blackstar Investco LLC, an affiliate of Daimler AG, is purchasing up to 637,475 shares directly from the company, also at the public offering price.

Goldman Sachs acted as the sole underwriter for the follow-on public offering.

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W&T Offshore Launches Private Offering of Senior Notes

- W&T Offshore Launches Private Offering of Senior Notes

Thursday, May 26, 2011
W&T Offshore Inc.

W&T Offshore launched a private offering of $600 million aggregate principal amount of senior notes due 2019 (the "Senior Notes"). The offering of the Senior Notes, which is subject to market availability as well as other conditions, will be made only to qualified institutional buyers in the United States and non-U.S. persons outside the United States.

W&T Offshore intends to use the net proceeds from the Senior Notes offering to fund the purchase price of its cash tender offer (the "Tender Offer") for any and all 8.25% senior notes due 2014 (the "2014 Notes"). To the extent less than all of the outstanding 2014 Notes are tendered or the Tender Offer is not consummated, W&T Offshore will use the net proceeds from the Senior Notes offering to redeem or repurchase any or all of the 2014 Notes remaining outstanding. The remaining net proceeds will be used to repay outstanding indebtedness incurred under its revolving bank credit facility to fund a portion of its recent acquisition in the West Texas Permian Basin.

The Senior Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and state securities laws. The Senior Notes may be resold by the initial purchasers pursuant to Rule 144A and Regulation S under the Securities Act.

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Petrohawk Launches $600MM Offering of Senior Notes

- Petrohawk Launches $600MM Offering of Senior Notes

Tuesday, May 17, 2011
Petrohawk Energy Corp.

Petrohawk has launched a private offering of $600 million aggregate principal amount of senior notes due 2019 (the "Senior Notes"). The offering of the Senior Notes, which is subject to market availability as well as other conditions, will be made only to qualified institutional buyers in the United States and non-U.S. persons outside the United States.

Petrohawk intends to use the net proceeds from the Senior Notes offering to repay borrowings outstanding under its senior revolving credit facility and for working capital for general corporate purposes.

The Senior Notes have not been registered under the Securities Act of 1933 (the "Securities Act") or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and state securities laws. The notes may be resold by the initial purchasers pursuant to Rule 144A and Regulation S under the Securities Act.

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Public Offering in Limbo for Turkey's NOC

Public Offering in Limbo for Turkey's NOC

Monday, May 02, 2011
Asia Pulse Pte Ltd

Prospects of public offering of Turkey's national oil company went uncertain after a Turkish court ruled to reestablish stakes of a former shareholder.

Turkey's Social Security Institution (SGK) has won a lawsuit and re-claimed its 6 percent share in the Turkish Petroleum Company (TPAO) -- nationalized back in 1983 by a government decree, which the court said unlawfully seized stakes of several shareholders.

"There can be no public offering in a company in which the partnership structure is unknown," a TPAO official told the Anadolu Agency on the condition of anonymity because the official was not authorized to speak publicly on the issue.

More such court rulings were likely to follow as Turkey's Is Bankasi has also filed a similar lawsuit to take back its three per cent share and the dividends it failed to receive since 1983.

Around 20 individual shareholders also own shares in the TPAO, which is one of the biggest and the most profitable companies in Turkey.

"We do not know if those individual shareholders are still alive or who their lawful heirs are. We do not know where they live," the official said.

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