Molycorp (MCP) Sinks 8% Early on Equity Offering
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Molycorp (MCP) Prices Common Offering at $6/Share
January 25, 2013 7:10 AM ESTMolycorp, 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 ESTDahlman 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) To Offer $200M In Common Stock, $100M in Conv Notes
January 23, 2013 7:06 AM ESTMolycorp (NYSE: MCP) intends to offer and sell $200 million of its common stock and
$100 million aggregate principal amount of its Convertible Senior Notes due 2018 in separate registered public offerings.
The Company intends to use the net proceeds received from the Primary... More
