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SMHI

SEACOR Marine Holdings

$22.90

-0.86 (-3.62%)

, CG

Carlyle Group

$20.85

0.15 (0.72%)

17:17
04/20/18
04/20
17:17
04/20/18
17:17

SEACOR Marine Holdings announces $56.9M private placement of common stock

SEACOR Marine Holdings (SMHI) announced that it has entered into a subscription agreement with qualified institutional buyers and other accredited investors for the private placement of approximately 2,842,750 shares of its common stock at a purchase price of $20.00 per share. The gross proceeds to SEACOR Marine will be $56,855,000. SEACOR Marine intends to use the net proceeds of the Private Placement for general corporate purposes. Concurrent with the Private Placement, SEACOR Marine and the Carlyle Group (CG) have agreed to exchange $50M of SEACOR Marine's outstanding 3.75% convertible senior notes due December 2022 for a total of approximately 1.9M shares of common stock at an implied exchange price of $26.50 per share. SEACOR Marine and the Carlyle Group also agreed to amend the notes that will remain outstanding to (i) increase the coupon from 3.75% per annum to 4.25% per annum and (ii) extend the maturity of the Notes by 12 months to December 2023.

SMHI

SEACOR Marine Holdings

$22.90

-0.86 (-3.62%)

CG

Carlyle Group

$20.85

0.15 (0.72%)

  • 12

    Jun

SMHI SEACOR Marine Holdings
$22.90

-0.86 (-3.62%)

06/14/17
EVER
06/14/17
INITIATION
Target $20
EVER
In Line
SLM Holdings initiated with an In Line at Evercore ISI
Evercore ISI analyst James West initiated SLM Holdings with an In Line and a $20 price target given the challenging offshore environment and said vessels are generally uneconomic in the current situation.
CG Carlyle Group
$20.85

0.15 (0.72%)

02/14/18
JEFF
02/14/18
UPGRADE
Target $27
JEFF
Buy
Carlyle Group upgraded to Buy from Hold at Jefferies
Jefferies analyst Gerald E. O'Hara upgraded Carlyle Group to Buy and raised his price target for the shares to $27 from $23. The analyst sees an attractive entry point for the shares with the company at the midway point of a $100B fundraising cycle. He believes Carlyle's net accrued performance fees are poised for continued growth with all main drawdown funds currently in carry contribution.
03/12/18
SBSH
03/12/18
UPGRADE
Target $28.5
SBSH
Buy
Carlyle Group upgraded to Buy from Neutral at Citi
Citi analyst William Katz upgraded Carlyle Group to Buy and raised his price target for the shares to $28.50 from $25. The analyst sees a higher FRE outlook and believes the recent pullback in shares enhances the risk adjusted return.
03/12/18
03/12/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Time Warner (TWX) upgraded to Buy from Neutral at UBS with analyst John Hodulik saying while he expects the takeover by AT&T (T) to receive regulatory approval, he believes the current environment would make Time Warner's assets "highly attractive" to other media companies and Internet-based competitors were the deal to be blocked. 2. Carlyle Group (CG) and Apollo Global (APO) were upgraded to Buy from Neutral at Citi. 3. Merck (MRK) upgraded to Outperform from Market Perform at Leerink with analyst Seamus Fernandez saying Keytruda will continue to dominate the first-line non-small cell lung cancer market. 4. SAP (SAP) upgraded to Outperform from In Line at Evercore ISI with analyst Stewart Materne III saying that he believes the risk/reward is more attractive at current levels following the stock's 6% pullback. 5. Aratana Therapeutics (PETX) upgraded to Buy on valuation at CL King with the firm citing favorable risk/reward. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/27/18
SBSH
03/27/18
NO CHANGE
SBSH
Citi says AkzoNobel free to think more strategically about M&A after divestiture
After AkzoNobel (AKZOY) announced the sale of its Specialty Chemicals business to Carlyle Group (CG) and GIC, Citi analyst P.J. Juvekar said the divestiture frees up the company to think more strategically about M&A. Akzo could go after Axalta (AXTA) again, but unless Akzo is prepared to pay a significant premium a deal is unlikely, said Juvekar. He thinks a price in the mid to high $30 range would be needed to get Axalta to the negotiating table. Akzo has thus far resisted a sale to PPG (PPG), but Juvekar thinks PPG would be interested if a deal were to be a friendly one.

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EC

Ecopetrol

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VRML

Vermillion

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CZR

Caesars

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MLNT

Melinta Therapeutics

$6.25

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TDY

Teledyne

$198.96

2.19 (1.11%)

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NOG

Northern Oil and Gas

$2.69

0.06 (2.28%)

05:22
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Upgrade
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RDC

Rowan Companies

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OI

Owens-Illinois

$18.85

-0.1 (-0.53%)

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DE

Deere

$156.59

1.52 (0.98%)

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GNRC

Generac

$50.56

0.42 (0.84%)

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

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NVS

Novartis

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ARCT

Arcturus Therapeutics

$6.66

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MTDR

Matador

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ESYJY

easyJet

$0.00

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PRMW

Primo Water

$15.48

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ALGN

Align Technology

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CDNA

CareDx

$11.66

-0.12 (-1.02%)

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Conference/Events
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