Facebook Sets Stage for IPO Next Year

Facebook Inc., one of the world’s hottest technology companies, gave the clearest sign yet that it is preparing to take itself public sometime next year, as it revealed new details in a 100-page document sent to a select group of potential investors.

Facebook, of Palo Alto, Calif., said it plans to increase its number of shareholders above 500 this year, according to the private-placement document, forcing the social-networking company to begin disclosing reams of financial information or go public by April 2012.

Facebook Chief Executive Mark Zuckerberg has said he is in no rush to go public, but those intentions have been hotly contested since the company launched an equity offering of as much as $1.5 billion through Goldman Sachs Group Inc. earlier this week.

Frenzied investor interest in the deal, offered solely to Goldman partners and handpicked clients of the securities firm, has put a stamp of approval on the $50 billion valuation of Facebook implied by its agreement with Goldman and Digital Sky Technologies for a $500 million infusion from the two companies.

The strong demand and sharp increase in Facebook’s value from $10 billion in mid-2009 give Mr. Zuckerberg, other Facebook executives and its relatively small circle of investors a potentially irresistible incentive to take the fast-growing company public despite the downside of doing so. As a private company, Facebook isn’t required to report its revenue, profits or losses, and executive compensation, as publicly traded companies must do.

A Facebook spokesman declined to comment. Goldman declined to comment.

The social-networking company had fewer than 500 investors as of the end of last year, said a person familiar with the company, including current and former employees, venture-capital firms and private investors. In 2008, Facebook told the Securities and Exchange Commission that the company had fewer than 499 holders in each of five classes of stock.

The number of investors is crucial because of the SEC’s 47-year-old rules governing private companies. The rules require firms with 500 or more shareholders of record in a given type of stock to publicly disclose certain financial information. The requirement is designed to protect investors from unduly risking their money.

Crossing the threshold triggers the SEC’s filing requirements, even if a company’s shares don’t trade publicly. Such companies must register as a reporting company within 120 days after the end of year in which the limit is breached. At that point, companies typically conclude that they might as well go public, listing their shares on an exchange and cashing in if the offering succeeds.

Facebook’s current fiscal year ends on Dec. 31, making its disclosure deadline the end of April 2012. People familiar with the matter have said Facebook sought a benchmark valuation from a leading investment bank in preparation for a potential initial public offering next year and was keen on a “round-number” valuation of $50 billion.

The investment world has been so eager for a Facebook IPO, it has spurred active trading in shares of Facebook’s still-private stock in secondary markets.

The 100-page document that includes the potential timetable for a Facebook public offering is being circulated to would-be investors in the $1.5 billion “special-purpose vehicle” created by Goldman.
Goldman sent copies of the private-placement memo throughout the day Thursday, often by messenger instead of email to prevent leaks. In some cases, even spouses of the document’s recipients were asked to sign a confidentiality agreement.

The document contains much more financial information about Facebook than previously known outside the company. For example, in the first nine months of 2010, Facebook had net income of $355 million on revenue of about $1.2 billion, said one person who reviewed the results.

Fourth-quarter results weren’t disclosed to potential investors, but one person familiar with the company said Facebook likely had 2010 revenue of $1.9 billion to $2 billion. Analysts have said the company’s revenue last year could be as high as $2 billion, fueled by advertising growth.

Because of huge demand to get a piece of Facebook, Goldman had planned to close the deal as soon as Thursday, according to people familiar with the situation. But a deadline hasn’t been officially set. Clients of the firm still were clamoring to get into the private offering as of late Thursday, these people said.

The Facebook deal is “very reminiscent of the Internet bubble,” says one Goldman client who received information about the offering but planned to spend little time reviewing it, partly because the deal is being assembled so fast. Still, he was leaning toward buying Facebook shares. “You’d like to be part of it,” he says.

Other technology firms and investment banks are racing to raise capital and hatch potential IPOs because of the sky-high valuation Facebook is establishing with its private share offering and infusion from Goldman and DST.

It isn’t clear why Facebook decided to tell potential investors that it intends to breach the 500-shareholder limit. But executives have been uncomfortable about the secondary market that has sprung up to buy shares from current and former Facebook employees because such sales have led to inconsistent valuations of the company that are based on small numbers of shares changing hands.

The investment vehicle being created by Goldman is intended to pool investors’ money to create the legal effect of a single new shareholder in Facebook, since each special-purpose vehicle counts as one shareholder of record.

Companies may exceed that limit during their financial year but still avoid reporting requirements, as long as the total declines to 499 or fewer at the end of the company’s fiscal year.
Source: WSJ online

About Private Placement

privateplacement.net is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of privateplacement.net have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

privateplacement.net’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, privateplacement.net can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

We are leaders in:

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New Issue-Avis sells $400 mln in senior notes

Avis Budget Car Rental has raised $400 million in a sale of senior notes in the 144a private placement market, Reuters reports. The proceeds of the sale will be used to help finance its planned purchase of rival Dollar Thrifty Automotive Group, adds Bloomberg.

The car rental company has appointed Citi, Morgan Stanley, Credit Agricole and RBS as the joint bookrunning managers for the sale. The notes carry a coupon rate of 8.25%, and are due to mature Jan. 15, 2019.

Avis Budget Car Rental LLC/Avis Budget
Finance (CAR.N) on Thursday sold $400 million of senior notes
in the 144a private placement market, said IFR, a Thomson
Reuters service.

Citi, Morgan Stanley, Credit Agricole and RBS were the
joint bookrunning managers for the sale.
BORROWER: AVIS BUDGET CAR RENTAL LLC/AVIS BUDGET FINANCE
AMT $400 MLN COUPON 8.25 PCT MATURITY 1/15/2019
TYPE SR NTS ISS PRICE 100.00 FIRST PAY 1/15/2011
MOODY’S B3 YIELD 8.25 PCT SETTLEMENT 10/15/2010
S&P SINGLE-B SPREAD 587 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YRS*

Avis Budget Group Inc., the third- largest U.S. rental-car company, plans to sell $400 million of debt to help pay for its acquisition of Dollar Thrifty Automotive Group Inc., according to a person familiar with the transaction.

The notes due in 2019 may be issued as soon as today at a yield of 8.25 percent to 8.375 percent, said the person, who declined to be identified because terms aren’t set. Parsippany, New Jersey-based Avis may also use proceeds to repay outstanding debt, the person said.

Avis is marketing the notes a week after Dollar Thrifty shareholders rejected another takeover bid from Hertz Global Holdings Inc., the second-largest car rental company. Sales of junk-rated corporate debt to pay for acquisitions has climbed this year to 15 percent of issuance from 5 percent in 2009, according to a JPMorgan Chase & Co. report on Oct. 1.

“Dollar comes with income and hardly any debt, so the picture for Avis looks better now,” said Shelly Lombard, a debt analyst with New York-based Gimme Credit. “Not as good as it would’ve looked with Hertz, and not as good as it would’ve been at a lower price, but it looks better nonetheless.”

Hertz withdrew its $1.44 billion bid to acquire Dollar Thrifty on Sept. 30 after the shareholder vote. Avis increased its offer to $1.53 billion a week earlier.

Variable Funding Notes

The securities are expected to be rated B3 by Moody’s Investors Service and B, one step higher, by Standard & Poor’s. High-yield, high-risk, or junk, debt is ranked below Baa3 by Moody’s and lower than BBB- by S&P.

Avis may issue the notes through the company’s Avis Budget Car Rental LLC and Avis Budget Finance Inc. units, the person said. Citigroup Inc., Morgan Stanley, Credit Agricole and RBS Securities Inc. are managing the sale.

Dollar Thrifty’s debt included $1.1 billion of asset-backed notes, $200 million of variable funding notes and $153.1 million of term-loan borrowings as of June 30, according to a filing with the Securities and Exchange Commission.

Avis reported preliminary third-quarter revenue that trailed analysts’ estimates earlier today as drivers used their borrowed cars less. Revenue in the period was $1.5 billion, the company said today in a statement. Sales a year earlier were $1.47 billion, and the average of three analysts’ estimates compiled by Bloomberg was $1.52 billion.

Closely held Enterprise Holdings Inc., based in St. Louis, is the biggest U.S. rental-car company.

About privateplacement.net

privateplacement.net is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of privateplacement.net have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

privateplacement.net’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, privateplacement.net can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

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Continental Resources, Inc. Announces Pricing of $400 Million Offering of Senior Notes in a Private Placement

Enid, Oklahoma — Continental Resources, Inc. (“Continental” or the “Company”) announced the pricing of its private placement of $400 million of 7 1/8% senior unsecured notes due 2021. The private placement notes were sold at par. The offering is expected to close on September 16, 2010, subject to customary closing conditions. Continental intends to use the net proceeds from the offering to repay the borrowings outstanding under its revolving credit facility and to pre-fund a portion of its accelerated capital program.

(Logo: http://photos.prnewswire.com/prnh/20080505/LAM014LOGO)

(Logo: http://www.newscom.com/cgi-bin/prnh/20080505/LAM014LOGO)

The securities offered have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws; and unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The senior unsecured notes are expected to be eligible for trading by qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.

This press release is being issued pursuant to Rule 135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

This press release includes forward-looking information that is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. All information, other than historical facts included in this press release, regarding strategy, future operations, drilling plans, estimated reserves, future production, estimated capital expenditures, projected costs, the potential of drilling prospects and other plans and objectives of management are forward-looking information. All forward-looking statements speak only as of the date of this press release. Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Actual results may differ materially from those anticipated due to many factors, including oil and natural gas prices, industry conditions, drilling results, uncertainties in estimating reserves, uncertainties in estimating future production from enhanced recovery operations, availability of drilling rigs and other services, availability of crude oil and natural gas transportation capacity, availability of capital resources and other factors listed in reports we have filed or may file with the Securities and Exchange Commission.

About Private Placement

privateplacement.net is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of privateplacement.net have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

privateplacement.net’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, privateplacement.net can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

We are leaders in:

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BofA HECM securitization notes merit double-A from Standard & Poor’s

In the first deal of its kind since the recession began in August 2007, Mortgage Equity Conversion Asset Trust Corp. recently sold $116.5 million of reverse mortgage notes in a private placement lead by Bank of America Merrill Lynch.

The notes are supported by 756 Federal Housing Administration-insured, home-equity conversion mortgages, with a total outstanding balance of $107.6 million, according to credit rating agency Standard and Poor’s, which assigned a AA rating to the $92 million of senior notes. The roughly $24.5 million of subordinate notes weren’t rated in the private placement.

Analysts said credit strengths include characteristics of the collateral, due diligence results provided by Clayton Services, and “representations and warranties made by the seller and the related remedies, and the transaction’s internal and external credit enhancement.”

The collateral pool includes 716 loans that are in technical default because of delinquent taxes and insurance, repair or maintenance issues, or occupancy problems, according to Standard & Poor’s.

Analysts also said the remaining 40 mortgages are document deficient. Borrowers don’t repay HECMs until the loan matures, but often run afoul when property taxes and insurance premiums are not paid.

Reverse Mortgage Solutions is servicing nearly half of the notes, while Financial Freedom Acquisition and Bank of America Home Loans Servicing split the remainder.

Financial Freedom originated around a quarter of the reverse mortgages, as did Seattle Mortgage. World Alliance Financial originated nearly half and BofA a little more than one percent.

The credit risk officer is Wells Fargo.

About privateplacement.net

privateplacement.net is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of privateplacement.net have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

privateplacement.net’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, privateplacement.net can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

We are leaders in:

• New York Private Placement
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Sterling Raises $730 Million in Private Placement Offering to Avert Foreclosure

Sterling Financial on Friday said it has raised $730 million from a private-placement of equity and institutional investors which will help Sterling Savings Bank, Washington’s second-largest bank, avoid being seized and sold, The Seattle Times reported.

Sterling Financial said it had reached agreements with 30 investors for $388 million through a private placement. Further, both Thomas H. Lee Partners and Warburg Pincus upped their investments in Sterling to $170 million each.

Each of those firms will now control 22.6 percent of the company’s common stock and take a seat on Sterling’s board.

Sterling Financial Corporation, the bank holding company of Sterling Savings Bank, announced agreements to raise a total of $730 million in new private placement capital from institutional, private equity and other accredited investors. The transaction is expected to close on or about August 26.

Thomas H. Lee Partners, L.P. (“THL”) and Warburg Pincus Private Equity X, L.P. (“WP”) have amended their agreements to increase their investments in Sterling. Under the terms of the the private placement amendments, it is anticipated that THL and WP would each purchase 68,366,000 shares of common stock and 1,709,150 shares of Series B preferred stock, for an aggregate purchase price of approximately $171 million each. THL and WP also would receive warrants. Upon closing, THL and WP would each own an aggregate of 22.6 percent of Sterling’s pro forma common stock on an as-converted basis and after giving effect to the exercise of warrants.

Sterling has also entered into agreements with approximately 30 accredited investors for private placement of 155,268,000 shares of common stock and 3,881,700 shares of Series D preferred stock in exchange for aggregate gross proceeds of approximately $388 million in cash. In addition, as previously announced, the U.S. Treasury will convert its $303 million investment of preferred stock in Sterling into common shares. In aggregate, the transactions with THL, WP, other accredited investors and U.S. Treasury will result in the issuance of 4.2 billion shares of Sterling common stock, assuming the conversion of preferred stock and the exercise of warrants.

Sterling President and CEO Greg Seibly said, “This commitment of $730 million in new capital represents a major milestone in our recovery plan, and one that will substantially strengthen our capital ratios and provide a solid base for rebuilding long-term franchise value. The focused energies of many at Sterling have helped us to preserve and grow our core banking franchise in support of our customers and communities across the Pacific Northwest. Today’s announcement reflects the investment community’s recognition of this value.”

Following the closing of the private placement transaction and contingent on regulatory approval, Les Biller, former vice chairman and chief operating officer of Wells Fargo & Company, would serve as chairman of Sterling’s board of directors, and WP Managing Director David A. Coulter and THL Managing Director Scott Jaeckel would join Sterling’s board of directors.

Les Biller said, “These investments reflect a clear vote of confidence in the strength of the Sterling franchise and the great progress Sterling has made in rebuilding and strengthening its balance sheet. I look forward to working with Sterling’s board and management team.”

David Coulter, WP managing director and co-head of its Financial Services Group, said, “With the capital raise successfully lined up, we are delighted to partner with Sterling in this new and exciting chapter of its development. With its strong regional banking franchise and talented management team, Sterling will now be exceptionally positioned to benefit from the current displacement in the financial services sector and to create meaningful shareholder value.”

THL Managing Director Scott Jaeckel added, “Following the closing of the capital raise, Sterling will be well-capitalized and well-positioned to build on its foundation as a commercial and consumer lending leader in the Pacific Northwest. We look forward to working with the Sterling management team to further develop the bank as a strong platform for growth.”

Each of the THL and WP investments, the private placement transactions and the U.S. Treasury exchange previously announced are conditioned upon each other and on other closing conditions, including, among others, receipt of regulatory approvals and third-party consents, Sterling’s maintenance of asset levels and capital ratios, the absence of material changes in the characteristics of Sterling’s loan portfolio, no occurrence of an “ownership change” that would affect the preservation of certain of Sterling’s deferred tax assets, no occurrence of a material adverse effect and no adverse change in banking or bank holding company law, rule or regulation. Closing of the recapitalization transactions are not conditioned upon receipt of any shareholder approvals.

The shares of common stock and preferred stock to be purchased by THL and WP and investors in the private placement will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

http://dealbook.blogs.nytimes.com/2010/08/23/sterling-raises-730-million-to-avert-foreclosure/

http://kpbj.com/business_weekly/2010-08-23/sterling_financial_corporation_announces_agreements_to_raise_new_capital

About privateplacement.net

privateplacement.net is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of privateplacement.net have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

privateplacement.net’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, privateplacement.net can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

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Kennedy Wilson Announces $32.6M Equity Private Placement

BEVERLY HILLS, California., A — International real estate investment and services firm Kennedy Wilson announced that the company sold and issued 32,550 shares of its convertible Series B preferred stock in an equity private placement to Toronto based Fairfax Financial Holdings Limited. The proceeds from the private placement offering, totaling $32,550,000, were used to finance the company’s repurchase of its 7% convertible subordinated debt. The Series B preferred stock, outlined in the company’s private placement memorandum, is convertible into approximately three million shares of KW common stock, the same number of shares into which the recently retired 7% convertible subordinated debt was convertible.

“The company continues to build and maintain relationships with some of the world’s top companies and pursue strategic real estate investments together.”

This news follows Fairfax’s $100 million purchase of Kennedy Wilson’s convertible Series A preferred stock via private placement and its planned $250 million real estate investment partnership with the company, both announced in May of this year.

About Kennedy Wilson

Founded in 1977, Kennedy Wilson is an international real estate investment and services company headquartered in Beverly Hills, CA with 21 offices in the U.S. and Japan. The company offers a comprehensive array of real estate services including property and asset management, brokerage and auction services, and construction and trust management. Through its fund management and separate account businesses, Kennedy Wilson is a strategic investor and manager of real estate investments in the U.S. and Japan. For further information on Kennedy Wilson, please visit www.kennedywilson.com.

Forward-Looking Statements

This news release contains forward-looking statements as well as historical information. Statements of goals and strategies and words such as “plan,” “believe,” “anticipate,” “expect,” “objectives,” “forecast,” “predict” and other similar words are intended to identify forward-looking statements. These forward looking statements are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and involve risks, uncertainties and other factors that may cause the Company’s actual results, performance, or financial condition to be materially different from any results, performance, or financial condition suggested by the statements in this news release.

About Private Placement

privateplacement.net is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of privateplacement.net have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

privateplacement.net’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, privateplacement.net can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

We are leaders in:

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Eu Yan Sang acquires 15% in Australian firm Healthzone

Singapore Private Placement: Singapore-listed Eu Yan Sang has acquired close to 15 per cent stake in Australian firm Healthzone in a private placement for about S$4.4 million.

The acquisition will enable Eu Yan Sang to enter the Australian mainstream health, beauty and natural health products market.

It will also have access to Healthzone’s retail network in China.

Eu Yan Sang bought a total of about 12 million shares at 30 Aussie cents each.

Among them, 7.3 million shares were from open market and 4.6million shares were from private placement.

The private placement includes warrants which enables Eu Yan Sang to increase its shareholding to 19.99 per cent when exercised at 38 Aussie cents per share.

It is now Healthzone’s largest single shareholder and is entitled to a seat on the board.

The company said the investment will help the firm explore the convergence of best eastern and western health practices.

This will help the firm position itself in the “western natural therapy space”, which includes health supplements. – CNA /ls http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1072896/1/.html

About Private Placement

privateplacement.net is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of privateplacement.net have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

privateplacement.net’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, privateplacement.net can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

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Oracle To Sell Two-Part Bond Deal Worth $3.25 Billion

New York (Dow Jones-Wall Street Journal)–Oracle Corp. said it would sell $3.25 billion worth of notes in a private-placement offering, the latest in a string of blockbuster bond sales that have come to dominate the investment-grade corporate debt market.

Debt issuance via the private placement has been slow of late but dominated by single issuers coming to market with multibillion-dollar, multi-tranche deals.

Time Warner priced a $3 billion, three-part deal on July 7, an issue that makes up more than a third of last week’s $8.9 billion high-grade issuance. Wal-Mart (WMT) priced $3 billion worth of bonds on June 30, making up nearly half of that week’s $6.06 billion in issuance.

Oracle’s debt issue is the largest U.S.-marketed bond sale since HSBC (HSBA.LN) sold $3.8 billion worth of notes on June 17, according to Dealogic. It’s the biggest nonfinancial deal since the NBC Universal division of General Electric Corp. (GE) sold $4 billion of bonds on April 27.

Oracle priced the private placement deal in two parts: the $1 billion, 10-year notes priced at a discount to yield 3.902%, or 0.85 percentage points over comparable Treasurys, and the 30-year, $2.25 billion piece priced at a discount to yield 5.454%, or 1.40 percentage points over comparable Treasurys.

While the software giant’s shelf registration offered little clue as to how Oracle would spend the money, the fund raising could indicate the company is stockpiling cash in case it wants to make a significant acquisition. Oracle has pursued an aggressive growth-through-acquisition strategy, buying big and small companies to add products and reach.

In January, Oracle closed its most recent significant transaction, a $7.4 billion purchase of Sun Microsystems. The deal marked the software company’s most significant foray into hardware and helped contribute $1.8 billion to Oracle’s fourth-quarter revenue of $9.5 billion.

Oracle last sold debt in the primary market on June 30, 2009, when it issued $4.5 billion in bonds, according to Dealogic. A part of that deal, $1.25 billion of 6.125% bonds maturing in July 2039, was the most actively traded issue on the secondary market Monday. The spread, or risk premium, widened by 0.17 percentage point, to 1.23 percentage points over comparable Treasurys, according to MarketAxess.

Fitch Ratings, which has assigned an A rating to Oracle’s notes, said the offering would be used primarily to refinance nearly $1 billion in commercial paper and to fund $2.25 billion in 5% senior notes due in January 2011.

A query to Oracle regarding the debt issue was not returned.

The deal is being run through joint bookrunners Bank of America Merrill Lynch, BNP Paribas and J.P. Morgan and is expected to price today.

About PPM.net

privateplacement.net is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of PPM.net have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

PPM.net’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM.net can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

We are leaders in:

• California Private Placement
• Real Estate Private Placement
• Technology Private Placement
• Debt Private Placement
• Equity Private Placement
• Technology Private Placement Memorandum Writing
• California Private Placement Memorandum Writing
• Real Estate Private Placement Memorandum Writing
• Debt Private Placement Memorandum Writing
• Equity Private Placement Memorandum Writing

London, England Private Placement: Mergers & Acquisitions Deal Analysis – Greenko Group Announces Private Placement Of $116.57 Million – New Market Report Published

Mergers & Acquisitions Deal Analysis – Greenko Group Announces Private Placement of $116.57 Million ; Greenko Group PLC intends to raise gross proceeds of approximately GBP72 million ($116.57 million) in a private placement. Under the offering, the company will issue 51,429,000 common shares at a price of GBP1.4 per share ($2.27 per share).

Growth, a private investment firm, through its affiliate will subscribe for GBP20 million ($34 million) of the shares issued in the offering. Greenko intends to use the proceeds from the private offering from the offering to achieve its near term strategic objectives of developing and acquiring clean energy projects and build a portfolio of 1 GW generating capacity by 2014.

Scope

The scope of the report includes -
- The information related to the public offerings by Greenko Group PLC
- A brief on company – Greenko Group PLC
- Comparison of equity offerings deals in the renewable energy sector
- The rationale behind publuc offerings by Greenko Group PLC

Reasons they claim to buy (this is not an endorsement)

The Deal Report attempts to focus on the reason raise funds through public offerings by Greenko Group PLC
It will allow the reader to:
- Understand the Drivers for the public offerings
- Analyze similar equity offerings in the renewable energy sector.
- Assists in understanding the Utilisation of the net proceeds generated from the deal.
- Analyze the deal financials and valuation of Greenko Group PLC

Mergers & Acquisitions Deal Analysis – Greenko Group Announces Private Placement of $116.57 Million: http://www.companiesandmarkets.com/r.ashx?id=9L546T04M305715&prk=b5d7db887a2c74c5589adb4096ddd909

About PrivatePlacement.net

Privateplacement.net is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of Privateplacement.net have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

Privateplacement.net’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, Privateplacement.net can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

We are leaders in:

• New York Private Placement
• Real Estate Private Placement
• Technology Private Placement
• Debt Private Placement
• Equity Private Placement
• Technology Private Placement Memorandum Writing
• New York Private Placement Memorandum Writing
• Real Estate Private Placement Memorandum Writing
• Debt Private Placement Memorandum Writing
• Equity Private Placement Memorandum Writing

VANCOUVER, BRITISH COLUMBIA, — Molycor Gold Corp. (“Molycor” or the “Company”) announced that the Company is amending the terms of its Non-Brokered Private Placement previously announced on March 29, 2010.

The Company announced it is raising by way of Non-Brokered Private Placement, up to $840,000 through the issuance of up to 12,000,000 units (“Units”) at a price of $0.07 per Unit.

The term of the warrant has been changed from a half warrant to a whole warrant. Each Unit is now comprised of one common share of the Company (a “Share”) and one share purchase warrant (each warrant, a “Warrant). Each Warrant entitles the holder to purchase one common share at a price of $0.12 for two years from the date of issue.

This Private Placement could be subject to finders’ fees which will be paid in accordance with the TSX Venture Exchange policies and is subject to the approval of the regulatory authorities.

About Molycor Gold Corp.

Molycor is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.