Falcon International, a global growth leader in commercial real estate, recently announced a private placement repricing of its existing Series C Preferred Stock. This announcement marks the company’s continued commitment to investors and shareholders in looking to improve its financial position for long-term growth and stability.
The Series C Preferred Stock was issued in January 2021 as part of the company’s $150 million debt restructuring plan. The stock has a face value of $15 and carries with it voting rights, dividends, and additional redemption rights that come with ownership.
However, Falcon International has now announced a repricing of the stock, offering it at $11.50 a share. This repricing is beneficial to both existing and potential shareholders, as it provides them with an opportunity to own and reinvest in the company at a lower cost. The Series C Preferred Stock is also expected to remain callable, meaning Falcon International can call the stock back at any point and at the current, reduced price.
This repricing of the Series C Preferred Stock is seen as an effort by Falcon International to strengthen its long-term financial standing and increase returns for shareholders and investors. The repricing also reduces the amount of debt held by the company and frees up resources for additional investment opportunities.
Overall, this move by Falcon International is seen as a win-win for both the company and its shareholders. It provides an excellent opportunity for investors to get in on the ground floor and to benefit from the future performance of Falcon International. Not only do they receive a discounted stock price, but they also get to invest in potential growth opportunities that may arise in the near future.
Falcon International, a global growth leader in commercial real estate, recently announced a private placement repricing of its existing Series C Preferred Stock. This announcement marks the company’s continued commitment to investors and shareholders in looking to improve its financial position for long-term growth and stability.
The Series C Preferred Stock was issued in January 2021 as part of the company’s $150 million debt restructuring plan. The stock has a face value of $15 and carries with it voting rights, dividends, and additional redemption rights that come with ownership.
However, Falcon International has now announced a repricing of the stock, offering it at $11.50 a share. This repricing is beneficial to both existing and potential shareholders, as it provides them with an opportunity to own and reinvest in the company at a lower cost. The Series C Preferred Stock is also expected to remain callable, meaning Falcon International can call the stock back at any point and at the current, reduced price.
This repricing of the Series C Preferred Stock is seen as an effort by Falcon International to strengthen its long-term financial standing and increase returns for shareholders and investors. The repricing also reduces the amount of debt held by the company and frees up resources for additional investment opportunities.
Overall, this move by Falcon International is seen as a win-win for both the company and its shareholders. It provides an excellent opportunity for investors to get in on the ground floor and to benefit from the future performance of Falcon International. Not only do they receive a discounted stock price, but they also get to invest in potential growth opportunities that may arise in the near future.
