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Lansdowne Oil & Gas Rebrands to Lansdowne Resources
Lansdowne Oil & Gas changed its name to Lansdowne Resources (LRES.L) and revised its ticker symbol on the London bourse's AIM segment to LRES, effective Wednesday.The name change follows Lansdowne's acquisition of Brazilian graphite mining company São Gabriel Mineração, and reflects the enlarged group's transition from an oil and gas-focused company to a diversified natural resources business, according to a Friday filing.The company also said it continues to pursue its Energy Charter Treaty arbitration claim against the Government of Ireland and has implemented a capital restructuring to ring-fence 80% of the net proceeds of any successful claim for qualifying shareholders.
$LRES.L
Equities
Solv Energy Prices Upsized Common Stock Offering
Solv Energy (MWH) priced an upsized public offering of 15 million class A common shares at $36 apiece, the company said late Thursday.The offering comprises 7,698,410 shares by affiliates of American Securities, with the rest being offered by the company.The selling stockholders and Solv Energy have granted a 30-day overallotment option to the underwriters to purchase up to 1,154,760 and 1,095,240 additional shares, respectively.The company expects the offering to close Monday and plans to use the net proceeds to purchase limited liability company interests in Solv Energy Holdings from its existing holders, among other things.
$MWH
Equities
Peabody Energy Prices $225 Million Convertible Notes Offering due 2031
Peabody Energy (BTU) said late Thursday it priced a private offering of $225 million in 0.50% convertible senior notes due 2031.The company said it also gave initial purchasers an option to buy up to an additional $25 million of notes.The notes carry an initial conversion price of about $38.32 per share, the company said.Peabody said it plans to use about $15 million of the proceeds for capped call transactions aimed at limiting shareholder dilution.The rest of the proceeds, along with cash on hand, will fund the repurchase of about $241.2 million of its outstanding 3.250% convertible senior notes due 2028 for roughly $388.8 million in cash, it addd.The offering is expected to close on Tuesday.
$BTU