China’s electric-vehicle maker Nio Inc (NIO) has announced the completion of the offering of 72 million American depositary shares (ADS) at $5.95 per ADS, raising $428.4 million. The company has also granted the underwriters a 30-day option to purchase up to an additional 10.8 million ADSs. Morgan Stanley & Co. LLC, Credit Suisse Securities (USA)… Continue reading Nio Completes $428M ADS Offering, Stock Now Up 70% YTD
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@Nio: NIO Inc. Announces Completion of Offering of American Depositary Shares
SHANGHAI, China, June 15, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the completion of the offering of 72,000,000 American depositary shares (the “ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”), at a price… Continue reading @Nio: NIO Inc. Announces Completion of Offering of American Depositary Shares
@Daimler: F1: Brixworth
A new senior leadership structure to tackle the challenges of the future Hywel Thomas, Adam Allsopp, Richard Stevens and Ronald Ballhaus to guide the company Andy Cowell will support the transition and a major future project of Mercedes-Benz AG Mercedes-AMG High Performance Powertrains (HPP) today announced a revised senior management structure from 1 July 2020… Continue reading @Daimler: F1: Brixworth
Kongsberg Automotive Renegotiated Terms for its Revolving Credit Facility
Sun, Jun 14, 2020 21:43 CET Kongsberg Automotive (the “Company”) has renegotiated certain terms of its Euro 70 million revolving credit facility (“RCF”) with its banks, Danske Bank and J P Morgan. Under this relief agreement (“Relief Agreement”), the Company can utilize 80% of its RCF line without being subject to the NIBD/EBITDA covenant testing.… Continue reading Kongsberg Automotive Renegotiated Terms for its Revolving Credit Facility
FCA’s top communications exec leaves job after just 4 months
CLOSE Simon Sproule, chief communications officer at Fiat Chrysler Automobiles based in Auburn Hills, is leaving the job he began Feb. 3. He resigned and has made the personal decision to step away from the auto industry, according to a source close to the situation. His last day is Friday. The company said in a statement, “Simon Sproule… Continue reading FCA’s top communications exec leaves job after just 4 months
NIO Inc. Announces Pricing of Offering of 72,000,000 American Depositary Shares
SHANGHAI, China, June 11, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the pricing of the offering of 72,000,000 American depositary shares (the “ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”), at a price of… Continue reading NIO Inc. Announces Pricing of Offering of 72,000,000 American Depositary Shares
Aptiv PLC Announces Pricing of Ordinary Shares and Mandatory Convertible Preferred Shares Offerings
DUBLIN, June 9, 2020 /PRNewswire/ — Aptiv PLC (NYSE: APTV) (the “Company”) today announced the pricing of concurrent offerings of 13,173,495 ordinary shares at a price to the public of $75.91 per share (the “Ordinary Shares Offering”) and 10,000,000 5.50% Series A Mandatory Convertible Preferred Shares (the “mandatory convertible preferred shares”) at a price to the… Continue reading Aptiv PLC Announces Pricing of Ordinary Shares and Mandatory Convertible Preferred Shares Offerings
@Nio: NIO Inc. Announces Proposed Offering of 60,000,000 American Depositary Shares
SHANGHAI, China, June 09, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the commencement of the offering of 60,000,000 American depositary shares (the “ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”). The Company intends… Continue reading @Nio: NIO Inc. Announces Proposed Offering of 60,000,000 American Depositary Shares
AAM Announces Proposed Senior Notes Offering
DETROIT, June 9, 2020 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) (“Holdings”) announced today that its wholly owned subsidiary, American Axle & Manufacturing, Inc. (“AAM”), is planning a public offering of $400 million of senior notes, subject to market and other conditions. The notes will bear interest at a rate to be determined… Continue reading AAM Announces Proposed Senior Notes Offering
Aptiv PLC Announces Proposed Offerings of Ordinary Shares and Mandatory Convertible Preferred Shares
DUBLIN, June 8, 2020 /PRNewswire/ — Aptiv PLC (NYSE: APTV) (the “Company”) today announced that it has commenced concurrent proposed offerings of $1.0 billion of ordinary shares (the “Ordinary Shares Offering”) and $1.0 billion of Series A Mandatory Convertible Preferred Shares (the “mandatory convertible preferred shares”) (the “Preferred Shares Offering,” and together with the Ordinary… Continue reading Aptiv PLC Announces Proposed Offerings of Ordinary Shares and Mandatory Convertible Preferred Shares