Ferro Corp prices offering of 35.75m common shares - Zibb.com

Nov 04, 2009 (M2 EQUITYBITES via COMTEX) --

Technology-based performance materials company Ferro Corp (NYSE:FOE) said on Tuesday that the company has priced an offering of 35,750,000 shares of common stock at USD5.60 per share, subject to customary closing conditions. A In addition, the underwriters have been granted a 30-day over-allotment option to purchase up to an additional 5,362,500 shares of common stock at the public offering price, less the underwriting discount, to cover over-allotments, if any. A Net proceeds of approximately USD186.9m are expected from this offering (assuming no exercise of the underwriters' over-allotment option), after deducting underwriting discounts and estimated offering expenses payable by Ferro.

The company plans to use up to USD50m of the net proceeds to pay the costs associated with its restructuring programmes and strategic initiatives. The remaining will be used to reduce borrowings under its credit facility and to pay fees and expenses in connection with the amendment and restatement of such facility. A Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc are acting as joint book-running managers for the offering.

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Tags: exercise   nyse   prices   restructuring   securities   technology  

Companies: Ferro Corp. (FOE)

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Ferro Corp declares public offering of 29.5m common shares - Zibb.com

Oct 28, 2009 (M2 EQUITYBITES via COMTEX) --

Performance materials supplier Ferro Corporation (NYSE:FOE) declared on Tuesday its proposal to sell 29,500,000 shares of common stock in an underwritten public offering, subject to market and other conditions. A The underwriters have also been given an over-allotment option to purchase up to an additional 4,425,000 shares of common stock. A The company intends to use net proceeds of up to USD50m from the offering to pay the costs associated with its restructuring programmes and strategic initiatives. Any remaining proceeds will be used to reduce borrowings under its credit facility and to pay fees and expenses in connection with the amendment and restatement of the credit facility.

Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc are acting as joint book-running managers for the offering. KeyBanc Capital Markets Inc is the co-lead manager, Citigroup Global Markets Inc and PNC Capital Markets LLC are acting as senior co-managers and First Analysis Securities Corporation and RBS Securities Inc are acting as co-managers for the offering.

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Tags: market   nyse   public offering   restructuring   securities  

Companies: Ferro Corp. (FOE)

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Ferro Corporation (FOE) Corporate Event Announcement Notice - Zibb.com

Oct 16, 2009 (Wall Street Horizon via COMTEX) --

Ferro Corporation (FOE)

Expected next earnings release:
Announcement date: 11/4/2009 - After Market
Earnings Quarter: Q3
Announcement Status: Unconfirmed

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Companies: Ferro Corp. (FOE)

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Ferro Corporation announces public offering of common stock - Zibb.com

Oct 27, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Ferro Corporation, a US-based producer of specialty materials and chemicals, is planning to sell 29.5 million shares of common stock in an underwritten offering. Ferro has granted underwriters an over-allotment option to purchase up to an additional 4.425 million shares of common stock.

Credit Suisse Securities (USA), LLC and J.P. Morgan Securities Inc. are acting as joint book-running managers for the offering. KeyBanc Capital Markets, Inc. is acting as co-lead manager, Citigroup Global Markets, Inc. and PNC Capital Markets LLC are acting as senior co-managers and First Analysis Securities Corp. and RBS Securities, Inc. are acting as co-managers for the offering.

Deal Type    IPO
Sub-Category Secondary Offering
Deal Status  Announced: 2009-10-27

Target (Company) Ferro Corporation

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Tags: chemicals   ipo   public offering   restructuring   securities  

Companies: Ferro Corp. (FOE)

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