Molycorp (MCP) To Offer $200M In Common Stock, $100M in Conv Notes

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Molycorp (MCP) Underwriters Exercise Full Overallotment in 37.5M Offering

February 5, 2013 5:13 PM EST

On January 30, 2013, Molycorp, Inc. (NYSE: MCP) closed the previously announced public offerings of 37,500,000 shares (the Primary Shares) of its common stock, par value $0.001 per share, at a price per share of $6.00 and $150 million aggregate principal amount of its 5.50% Convertible Senior Notes due 2018 (the Notes). On February 5, 2013, the... More

Molycorp (MCP) Prices Common Offering at $6/Share

January 25, 2013 7:10 AM EST

Molycorp, Inc. (NYSE: MCP) today announced the pricing of its previously announced public offering of 37,500,000 shares of its common stock (the "Common Stock") (or up to an aggregate of 43,125,000 shares of Common Stock if the underwriters of such offering exercise their option to purchase additional shares of Common Stock in full) at a price per share of $6.00 (the "Primary Shares Offering") and $150 million aggregate principal amount (or up to an aggregate of $172.5 million aggregate principal amount if the underwriters of such offering exercise their over-allotment option in full) of its 5.50% Convertible Senior Notes due 2018... More

Dahlman Rose Downgrades Molycorp (MCP) to Hold

January 23, 2013 12:15 PM EST

Dahlman Rose downgraded Molycorp (NYSE: MCP) from Buy to Hold.

The firm comments, "In the company's 8-K, filed alongside its proposed $300MM capital raise announcement, management alluded to an additional $130MM in capex for 2013. We are downgrading Molycorp to Hold from Buy, based... More

Molycorp (MCP) Sinks 8% Early on Equity Offering

January 23, 2013 7:29 AM EST

Molycorp, Inc. (NYSE: MCP) is down 8% in pre-open trading Wednesday following its equity offering. The offering was widely expected. However, shares are up 50%+ from recent lows.

Molycorp intends to offer and sell $200 million of its common stock and $100 million aggregate principal amount of... More