By Nathalie Tadena
Five companies across a range of industries detailed plans late
Wednesday to offer common stock.
Ascent Solar Technologies Inc. (ASTI) said it plans to offer
common stock, but didn't detail how many shares it would offer. The
maker of photovoltaic modules plans to use proceeds for general
corporate purposes. The company had 41.3 million shares outstanding
as of July 26. Shares fell 4.8% to $1.60 after hours.
Horizon Pharma Inc. (HZNP) intends to offer units, consisting of
common stock and a warrant to purchase 0.5 of a share of common
stock. The biopharmaceutical company didn't detail how many units
it plans to offer. It plans to use proceeds primarily to fund
commercialization activities for its Duexis and Rayos drugs in the
U.S. and for other general corporate purposes. The company had 33.8
million shares outstanding as of Aug. 7. Shares were off 6.3% to
$4.29 after hours.
Cheniere Energy Partners LP (CQP) is launching an offering of
eight million common units representing limited partner interests.
The limited partnership plans to use proceeds to pay down debt and
for general business purposes. Cheniere Energy had 31.5 million
common units outstanding as of Aug. 2. Units slipped 5.1% to $24.92
after hours.
Simon Property Group Inc. (SPG) said its stockholder Melvin
Simon Family Enterprises Trust is offering about 5.9 million
shares, representing its entire direct-ownership stake in the
company and its operating partnership. The trust has a 1.9%
ownership stake, according to a regulatory filing. Simon Property,
the largest mall owner in the U.S., had 309.2 million shares
outstanding as of Sept. 19. Shares slid 1.4% to $158.50 after
hours.
THL Credit Inc. (TCRD) unveiled plans to offer 5.3 million
shares as the investment company looks to raise funds to repay debt
and for general corporate purposes. The company had 20.2 million
shares outstanding as of July 30. Shares closed at $14.64 and were
unchanged after hours.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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