Featured Articles
Market Tone Shifts
Tim McPartland | October 7, 2014
After months and months of ignoring the obvious (that the global economy is tenuous) Wall Street has decided that maybe it does matter that Asia and Europe are tanking and it is important to U.S. equities. I guess it is so easy to forget (NOT) that of the S&P 500 half of the companies get half of their earnings from…
Cowen Group Offers Senior Notes
Tim McPartland | October 7, 2014
October 6, 2014 10:00 a.m.Cowen Group, the diversified financial services firm, has sold a 8.25% Senior Note offering.We have an interest in this issue as it has a short duration--2021, a very nice coupon, and a 'make whole' payment for early redemption.We have NOT reviewed the financials yet of Cowen, but will do so today and determine if we are…
Cowen Group 8.25% Senior Notes Due 2021
Tim McPartland | October 6, 2014
Date Issued 10/03/2014Shares Issued 2,200,000 Overallotment Shares 330,000S&P Rating NR Moodys Rating NRSecurity Ticker Symbol COWNLMarket Traded ON NASDAQInterest Payment Paid on the 15th of January, April, July and October beginning on 01/15/2015Quarterly Interest .5156 Annual Interest 2.0625Securities may be redeemed, at the issuers option, at anytime, for the following amounts--Prior to October 15, 2017, redeemable, at the…
Container Ship Owner Costamare Inc. Files for MLP IPO
Tim McPartland | October 2, 2014
Following so many other companies Costamare Inc., an owner of a fleet of container ships (68 in total), has filed an F-1 (same as a S-1, but for foreign companies) to spin off a MLP some time in the not distant future.The new MLP, Costamare Partners LP (ticker to be CMRP) will be formed with a fleet of 4 container…